JP Morgan Chase cuts their US 2013 growth forecast on fiscal cliff

JP Morgan Chase cuts their US 2013 growth forecast on fiscal cliff

– Economists at JP Morgan says fiscal cliff to cut 1 point from GDP in 2013.

– Had initially projected cliff would cut growth by o.5 point.

– Sees US economy growing by 1% in Q1 2013 and 1.5% in Q2 in 2013.

– Now see payroll tax holiday expiring.

Print

18:01 –
Economic commentary

– Source:

Newswires

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JP Morgan Chase cuts their US 2013 growth forecast on fiscal cliff
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