JPMorgan cuts US GDP estimates for 2022 and 2023 By anilpanchal7 GDP Growth UnitedStates Banks RiskAppetite
JP Morgan cut its expectation for US real Gross Domestic Product for the second half of 2022 and for 2023, per Reuters.
The forecast report also mentions, “It said there may be enough of a growth slowdown to lead to a gradual increase in theIn the end, the research led by economist Michael Feroli concludes, “In short, we forecast a soft landing, but are well aware that this outcome has rarely occurred.”Fears of inflation and growth are omnipresent nowadays and exert major pressure on the risk assets. The same weighs on the Antipodeans and underpins the US dollar strength.
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