JPMorgan: GDP Could Drop 40 Percent, Unemployment Could Reach 20 Percent
PYMNTS
APRIL 9, 2020
JPMorgan Chase has dimmed its view of the future yet again, now saying the nation’s gross domestic product (GDP) could sink by as much as 40 percent in the second quarter due to the coronavirus pandemic, according to CNBC. The number of those unemployed now surpasses the high from the 2009 recession, which maxed out at 6.64
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