JPMorgan slashes its GDP forecast for next quarter — now sees a 25% contraction and imminent recession despite ‘Herculean’ stimulus measures’

 

JPMorgan slashes its GDP forecast for next quarter — now sees a 25% contraction and imminent recession despite ‘Herculean’ stimulus measures’

The bank kept its estimates for the second-half economic rebound the same, noting tight financial conditions offset hopes for a sharp recovery.

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