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JP Morgan boost Q2 GDP forecast for Euro area to 2% (from 1.5%)

JP Morgan are encouraged by PMI data from both sides of the Atlantic. Following April PMIs in the euro area JPM have raised their second quarter (April - June) GDP forecast to 2%, from 1.5% previously. JPM also on the US PMI's:The April flash PMI showed unexpected and broad-based improvementsuggesting further positive momentum in the US economy ... (and) a more sustained pace of expansiontighter monetary and credit conditions do not appear to be significantly slowing activity at this time... Read More

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Posted: Apr 23 2023, 22:05

Author Name: forexlive

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