August 13, 2022

Politics and Commentary News Aggregator

JPMorgan Cuts US GDP Growth Forecast ‘Perilously Close’ To Recession

1 min read

“Our forecast comes perilously close to a recession,” Michael Feroli, JPMorgan’s chief US economist, wrote in a note Friday. “However, we continue to look for the economy to expand, in part because we think employers may be reluctant to shed workers, even in a period of soft product demand.”

Cécile Daurat
2022-07-02 01:56:44

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