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. That’s an increase from the already-dire 25 percent drop JPMorgan previously predicted.
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