JPM note issued Thursday.
- 2023 GDP projected at 4.3% from JPM's previously forecast 4.0%
- cut its 2022 economic growth outlook to 2.8% from 2.9% previously
JPM says:
- "The most important development in the past month is earlier reopening with a faster pace. Our analysis has taken into account a transitional pain period before the economy enters a strong recovery,"
