JP Morgan have projected Q1 at -4%
- and Q2 at -14%
A contraction of that magnitude is mind-boggling. Widespread shut downs of so many businesses could well do it.
We need a 'circuit-breaker' for this virus, something that is confir4med to mitigate the health impacts would be very welcome.
More:
JPM do forecast a US Q3 recovery urge, +8%
Euro area forecast is
- -15% in Q1
- -22% in Q2
