JPMorgan slashes its GDP forecast for next quarter — now sees a 25% contraction and imminent recession despite 'Herculean' stimulus measures'

7:31am PDT - March 26th, 2020    cares act - Business Insider

JPMorgan lowered its first-half US GDP forecast Wednesday after projecting a deep recession just one week earlier. First-quarter growth will slip to -10% from its previous -4% estimate, the team led by chief economist Michael Feroli wrote. Second-quarter expa…