U.S. ECONOMY WILL CONTRACT AGAIN WARNS JPMORGAN

Highlights

• According to JPMorgan, this COVID-19 resurgence will derail the US economic recovery and the economy is about to shrink

• “This winter will be grim and we believe the economy will contract again in the first quarter” wrote JPMorgan economists in a client note

• The U.S. GDP is expected to slow down to 2.8 percent in the last quarter of 2020 and then contract by 1 percent in ....