JPMorgan cuts its Q2 GDP forecast to 2.5% from 3%, citing weaker auto industry output, partly...

|By:, SA News Editor

JPMorgan cuts its Q2 GDP forecast to 2.5% from 3%, citing weaker auto industry output, partly due to supply disruptions out of Japan. This is close to the long-term average growth rate of the economy, but is a disappointing bounce off sluggish Q1.