Global Dollar Shift Deepens Amid JP Morgan GDP Forecast Alert
JP Morgan's latest GDP forecast signals a looming slowdown, with third-quarter estimates holding above 3% but momentum falling short of investor expectations. Gabriela Santos, chief market strategist for the Americas at JP Morgan Asset Management, notes the economy is "just okay"—not the red-hot scenario some had anticipated. The fourth quarter appears particularly vulnerable, raising questions about market stability.
Currency shifts and volatility are now front-of-mind for strategists. The 2025 outlook suggests a sharper pullback, with export data adding noise to an already complex forecasting landscape. While recession isn't imminent, the trajectory points to recalibrated investment approaches in coming months.