BUSINESS J.P. Morgan raises US second quarter GDP view to 2.75 percent

BUSINESS

J.P. Morgan raises US second quarter GDP view to 2.75 percent

Reuters

02:26, May 31, 2018

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A sign outside the headquarters of JP Morgan Chase & Co in New York, US, September 19, 2013. (Photo: Reuters)

J.P. Morgan on Wednesday upgraded its projection on US economic growth in the second quarter to 2.75 percent from 2.25 percent following the release of advance trade balance data in April.

The Commerce Department said earlier Wednesday its initial reading on trade deficit on traded goods was $68.19 billion last month, compared with a upwardly revised deficit of $68.59 billion in March.


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