Here's when J.P. Morgan's Anastasia Amoroso expects the coronavirus to hit the economy hardest (via TradingNation)
J.P. Morgan Private Bank's Anastasia Amoroso, who's firmly in the recession camp, expects the coronavirus pandemic to slash U.S. economic growth by 14% in the second quarter which starts next Wednesday."We would see something on the order of double digits [upside] in Q3. It would definitely make up for a lot of what we lost in Q2," the firm's head of cross-asset thematic strategy told CNBC's "The coronavirus began hitting the U.S.
According to Amoroso, the most significant question for the Street is how long will the economic shutdowns last.She also acknowledges a lot hinges on a coronavirus aid package for Americans and businesses."That does need to become a reality to make sure the lows have actually put in," said Amoroso.
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