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US is poised to beat China's V-shaped recovery, JPMorgan says


US is poised to beat China’s V-shaped recovery, JPMorgan says
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JPMorgan Chase and Co. and Morgan Stanley would benefit most from changes to post-crisis banking rules proposed by Donald Trump’s administration, with pre-tax profit jumping 22%. Photo: Bloomberg
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. Updated: 20 Feb 2021, 01:59 PM IST Bloomberg
Indications of resilience in global industry, a surge in American retail spending, along with fiscal stimulus around the world, especially from the Biden administration, point to higher growth in the US
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The US recovery is accelerating, putting it on course to outperform China’s V-shaped rebound, according to JPMorgan Chase & Co. economists. ....

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