Ting Shen/Xinhua/Getty Images Wall Street is finally accepting diminished chances for a near-term stimulus deal, and firms' latest GDP forecasts reflect growing pessimism toward the economy's chances without fresh aid.Goldman Sachs halved its GDP growth forecast to 3% on Wednesday. JPMorgan followed suit one day after, cutting its estimate to 2.5% from 3.5%.Morgan Stanley and…
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JPMorgan EMEA CEO Viswas Raghavan JPMorgan There are more risks to growth in 2021 than there are positive catalysts, as the world battles Covid-19, JPMorgan Chase EMEA chief executive Viswas Raghavan says. A resurgence in Covid-19, a deterioration in trade relations between the US and China and, in the immediate term, the upcoming presidential elections…
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Business Insider asked five infectious-disease experts when they'd feel confident getting a coronavirus vaccine. Their answers varied in terms of what data would convince them. Richard Condit, a retired University of Florida virologist, said he'd trust the scientists making the critical regulatory decision. Ultimately, if they recommend people his age get the shot, he'd likely…
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Mark Haefele, Global Chief Investment Officer of UBS Wealth Management attends the Reuters Investment Summit, London, Britain, November 16, 2017. Paul Hackett/Reuters Mark Haefele, chief investment officer at UBS Global Wealth Management, told Business Insider the worst of the recent weakness in the stock market is probably over for now.But he said the central bank…
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Jim O'Neill CNNMoney China's economy will erase all its 2020 losses next year and still record positive growth for this year, ex-Goldman Sachs economist Jim O'Neill told CNBC. He said: "China is well on the way to recovery. It is the country that really matters globally within the BRIC group." O'Neill said other BRIC nations…
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