J.P. Morgan pares U.S. first quarter GDP view to 1.75 percent
Reuters
Published Jan 24, 2019 03:09PM ET
J.P. Morgan pares U.S. first quarter GDP view to 1.75 percent
NEW YORK (Reuters) - J.P. Morgan economists reduced their outlook for U.S. economic growth in the first quarter to 1.75 percent from 2.00 percent as the partial U.S. government shutdown has stretched to a second month for the longest one ever, they said on Thursday.
"That estimate solely accounts for the reduction in government sector output and does not incorporate any potential spillover effects into private economic activity. Fortunately, so far those spillovers look contained," the banks' economists wrote in a research note.
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Written By: Reuters
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