Detox period is over: JPMorgan's global market strategy director believes that the U.S. may be able to avoid an economic recession.

The head of global market strategy at J.P. Morgan Chase said that the United States may be able to avoid an economic recession, with the global trade outlook becoming clearer, the probability of this scenario has decreased. Dubravko Lakos-Bujas said on Thursday that he believes there is a 35% chance of an economic recession, clarifying that this is his personal opinion. J.P. Morgan's official assessment earlier this week still considers the risks to be "still relatively high", but below 50%.