DowJones News
15 Sep, 2021 17:19

DJ JPMorgan Cuts 3Q GDP Forecast To 5%, From 7% -- Market Talk

2021 Dow Jones & Company, Inc.

1319 ET - JPMorgan is cutting its estimate of current quarter growth from 7% to 5%. "The revision reflects a combination of weaker final demand growth and slower inventory accumulation," it says, adding "these in turn are likely the result of, among other potential issues, the delta virus and supply-chain problems, the latter being particularly severe for the motor vehicle sector." JPMorgan says some of that slower growth will be made up, lifting its 4Q GDP projection from 3% to 3.5%. (michael.derby@wsj.com)

(END) Dow Jones Newswires

September 15, 2021 13:19 ET (17:19 GMT)


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