JP Morgan
projects an imminent recession:
The US economy could shrink by 2% in the first quarter and 3% in the second, JPMorgan projected, while the eurozone economy could contract by 1.8% and 3.3% in the same periods.
...The key to avoiding an even worse hit to global growth lies in countries' policy responses, the bank's economists said: Authorities need to target ailing sectors with stimulus measures, limit financial-market stress, and prop up consumer demand through monetary policy. Any shortfall risks a recession lasting throughout 2020, the firm added.
2020 could end up looking a lot like 2008.
