JPMorgan officially forecasts a coronavirus-driven recession will rock the US and Europe by July
Published
· *A new economic-growth estimate from JPMorgan projects that a recession will hit the US and European economies by July.*
· *The bank said its views of the coronavirus outbreak "have evolved dramatically in recent weeks." JPMorgan economists now expect US GDP to shrink by 2% in the first quarter and 3% in the second.*
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