JPMORGAN SLASHES FORECAST FOR U.S. AND GLOBAL GDP

Highlights

• It expects to observe a negative growth in two consecutive quarters
• It states that the U.S. will eventually avoid a technical recession

JPMorgan economists stated that in the face of the fast-spreading coronavirus, an economic slowdown is inevitable. However, the U.S. will eventually avoid a technical recession. It slashed its forecast for the U.S. and global GDP furthe....