Economy

JPMorgan Asset Management on economic recovery, U.S. stimulus talks

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Events and entertainment workers protest unemployment on Aug. 19 in Las Vegas.

BRIDGET BENNETT/AFP via Getty Images)

While it appears that the economy has sharply bounced back from the pandemic’s blow, this is actually a “steroid kind of recovery,” JPMorgan Asset Management’s David Kelly told CNBC.

“We have seen what looks like a V-shaped recovery, but it’s really V-interrupted — it’s half of V,” the chief global strategist said. A V-shaped recovery is one in which an economy sharply rises after a recession.

He explained that when the shot in the arm of fiscal stimulus wears off, growth will slow down again.

“It looks like an economic recovery, but it’s really sort of a steroid kind of…



Source cnbc.com

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