JP Morgan CEO warns government shutdown could lead to zero US growth in Q1

Joins calls from other US firms

Anna Fedorova
clock • 1 min read

JP Morgan Chase CEO Jamie Dimon has warned the record-long US government shutdown could push US economic growth down to zero for the first quarter of 2019.

His call joins other US corporates, with concerns mounting over the stand-off in US government over Donald Trump's proposed border wall which has lasted for weeks and has kept a quarter of the federal government shut. Government economists have increased their estimates of the economic cost of the shutdown, saying every week it continues will take away 0.13 percentage points from US GDP growth, according to a White House official. What is the outlook for US equities as investors face possible end of bull run? According to the FT, JP Morgan's Dimon said on an earnings call on 15 Jan...

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