JPMorgan Chase predicts that the U.S. economy will shrink in the first quarter of 2021

JPMorgan Chase predicts that the U.S. economy will shrink in the first quarter of 2021

On November 20th local time, according to JPMorgan’s prediction, the U.S. economy

will shrink due to the epidemic in the first quarter of 2021.

JPMorgan Chase became the first Wall Street institution to make such a prediction.

JPMorgan Chase predicts that the U.S. economy will contract by 1% in the first quarter of

next year after growing 2.8% in the fourth quarter of this year. For the second quarter of next year, they predict that the economy will rebound.