JPMorgan Chase headquarters in New York, USA. File photoWASHINGTON, Jul 1 Economists at US bank JPMorgan Chase & Co. pointed to the dangerous proximity of the US economy to recession, and also revised down the forecast for GDP growth, Bloomberg reports. «Our forecasts are dangerously close to a recession, but we still expect the economy to grow, partly amid expectations of saving jobs even during a period of declining food demand,» said Michael Feroli, chief economist at JPMorgan in the United States. consumer demand, according to the bank, may cause a slowdown in the US economy in the second quarter to 1% in annual terms compared with the previous estimate of 2.5%. JPMorgan expects that only by the end of the year, GDP growth will increase and reach 1.5% in the last quarter, which could be facilitated by a slowdown in inflation, as well as strengthening car production. Meanwhile, earlier on Friday, the Federal Reserve Bank of Atlanta said that the models predict a decline in US GDP by 1% in the second quarter of 2022. Confirmation of the forecast by official statistics will mean the formal start of a recession for the American economy, which usually means a decline in GDP within six months. In the first quarter, US GDP fell by 1.6% .
The United States itself suffers from the sanctions imposed, Antonov said
