JPMorgan: There's a 60 percent chance of a recession in 2020 -- just in time for Trump's reelection

President Donald Trump loves crowing about the strong economy he's overseeing -- but will that boomerang back on him in just two years?

Bloomberg reports that a model used by investment firm JPMorgan to predict economic conditions is now saying there is a 60 percent chance of a recession occurring over the next two years.

"JPMorgan’s model includes indicators ranging from consumer and business sentiment to prime-age male labor participation, compensation growth, and durables and structures as a share of gross domestic product," Bloomberg writes.

JPMorgan says that while there's just a 28 percent chance of a recession hitting in 2019, there is an 80 percent chance that a recession will hit the economy by at least 2021.

The timing of such a recession could not be worse for President Trump, who already suffers from record-low approval ratings despite presiding over a strong economy with low unemployment. A recession hitting on the same year as his reelection bid would make his victory even more difficult -- especially since his campaign slogan for 2020 will be, "Keep America Great."