The head of one of the world’s largest investment banks JPMorgan Chase Jamie Daimon spoke with a prediction that the US economy is waiting for three years of growth, which will last until 2023. His words gives CNBC.
The cause of growth, according to Daimon, may be measures of support from the government and the Federal Reserve System (Fed), as well as the successful vaccination of the population from Coronavirus. In the coming months, pending demand will prevail among the population, because during the locomotion of the past and this annuals, the possibilities for spending were sharply reduced.
“This boom can easily last until 2023, because all expenses [as part of support programs] can last until 2023,” Damon said.
Part of redundant savings can flow on the stock exchange – directly or through profile investment funds, which “justifies” the current stock quotes of many companies that some analysts consider overestimated and called “bubble”.
In early April, US President Joe Biden approved the plan for helping the economy with a total volume of 1.9 trillion. It involves the allocation of direct subsidies to households, banks and most affected companies.