JPMorgan Now Expects A Global Depression In The Second Quarter

(From Zerohedge)

In a separate note by JPM’s Bruce Kasman, has also taken a flamethrower to his global economic forecasts, and the bank’s head of economic policy now anticipates Europe to implode an unprecedented 22%, the UK to crater by a depressionary and with the US plunging 14%, he sees the global economy ex China contracting by a whopping -13.7%. In short, JPM now expects no less than a global depression in the second quarter.

Reprinted from: https://www.ac2news.com/2020/03/jpmorgan-now-expects-a-global-depression-in-the-second-quarter/