JPMorgan expects the coronavirus pandemic to sink the U.S. economy into a deep recession as soon as this summer, Business Insider reports.
JPMorgan’s views of the virus “have evolved dramatically in recent weeks” as the outbreak spreads further around the world and fuels the worst stock market sell-offs in decades. The US economy will shrink by 2% in the first quarter and 3% in the second.
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Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
Goddard is the owner of Goddard Media LLC.