Tag: Bloomberg Surveillance
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JPMorgan’s Bob Michele Forecasts Economic Slowdown Without Recession Despite $100 Oil
JPMorgan Asset Management’s Bob Michele suggests that while the global economy is transitioning into a growth slowdown, a full-scale recession remains unlikely in the immediate future. Despite the potential for oil prices to reach $100 per barrel, Michele points to the resilience of the labor market and consumer spending as key stabilizing factors. He indicates…