|From: sr99 (Rep: 341)||Date: 04/06/2020 17:04|
|Forum: Wall Street Pit - Msg #2832344 - List SPY msgs ||Thread #674140985 (Rec: 0) |
|PMorgan Chase CEO Jamie Dimon used his annual shareholder letter to detail just how bad he thinks the US economy can get from the coronavirus pandemic.|
Dimon expects a "bad recession," he wrote in the letter released Monday, saying that in the most adverse scenario, gross domestic product could plunge at a 35% annual rate in the second quarter and that a downturn would last through the rest of the year. The unemployment rate would spike as high as 14% in this environment.
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