JPMorgan Economists Warn of U.S. Contraction Early Next Year

Bloomberg, Nov. 20, 2020–Reade Pickert
JPMorgan Chase & Co. analysts are forecasting a U.S. economic contraction next quarter as various states impose restrictions on businesses and activity amid a record surge in Covid-19 cases. The world’s largest economy is expected to shrink at a 1% annualized pace in the January-to-March period, JPMorgan said in its 2021 U.S. outlook issued Friday.