World’s biggest economy dangerously close to recession — analysts

Jul 2nd 2022 4:41am EDT

JPMorgan Chase slashes its growth forecast for the US as consumers curb their spending JPMorgan Chase has revised its midyear US growth outlook, sharply lowering expectations for second-quarter annualized real GDP growth to 1% from 2.5%, Bloomberg reported on Friday. The largest US bank also cut its projection for the third quarter to 1% from […]

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