June 28, 2022 - 12:18 PM 260 views
Contrary to common belief, JP Morgan dispels concerns about a recession and anticipates a recovery in the economy in the second half of the year (H2 2022).
JP Morgan stated, "It's not that we believe the world and economies are doing well.
The US bank predicts that during the second half of 2022, growth will be 3.1% and inflation will be 4.2%.
The same, according to JP Morgan's most recent research, "Would allow central banks to pivot and avoid causing an economic downturn."
The paper also stated that although the average investor anticipates an economic catastrophe, risky asset classes may recover most of their losses from the first half if this does not occur.
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