London analysts: next year recession can be in the euro area and in the U.S.A.

The euro area and with a significant chance the U.S. economy may be going through another period of recession next year – predicted London's financial analysts in their forecast on Thursday.

The JP Morgan banking group projects an overall 1.2 percent growth in The U.S.A. for 2012 and for this year's fourth quarter after the expected 1.4 percent of this year and last year's 3.0 percent. According to the banking group the chance of an another period of recession in the U.S. economy is 40 percent – reports MTI.