The Federal Reserve Board building in Washington on July 1. The US economy received its most dire assessment in decades on Thursday after figures showed a 32.9 per cent annualised decline in real GDP for the second quarter. Photo: AFP The Federal Reserve Board building in Washington on July 1. The US economy received its most dire assessment in decades on Thursday after figures showed a 32.9 per cent annualised decline in real GDP for the second quarter. Photo: AFP
The Federal Reserve Board building in Washington on July 1. The US economy received its most dire assessment in decades on Thursday after figures showed a 32.9 per cent annualised decline in real GDP for the second quarter. Photo: AFP
Chaoping Zhu
Opinion

Opinion

Macroscope by Chaoping Zhu

Coronavirus recovery: US economy’s plunge and waning sentiment put investors on edge

  • Investor sentiment before this week was already deflating against the backdrop of a continued pandemic and a pricey stock market, but mixed news this week and continued grim virus milestones make the market rally look increasingly fragile

Chaoping Zhu
Chaoping Zhu

Updated: 9:08pm, 13 Oct, 2020

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The Federal Reserve Board building in Washington on July 1. The US economy received its most dire assessment in decades on Thursday after figures showed a 32.9 per cent annualised decline in real GDP for the second quarter. Photo: AFP The Federal Reserve Board building in Washington on July 1. The US economy received its most dire assessment in decades on Thursday after figures showed a 32.9 per cent annualised decline in real GDP for the second quarter. Photo: AFP
The Federal Reserve Board building in Washington on July 1. The US economy received its most dire assessment in decades on Thursday after figures showed a 32.9 per cent annualised decline in real GDP for the second quarter. Photo: AFP
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Chaoping Zhu

Chaoping Zhu

Chaoping Zhu is a Shanghai-based global market strategist at JP Morgan Asset Management. Prior to joining J.P. Morgan in 2017, Chaoping served as China economist at UOB Kay Hian. He also served as a research analyst at the Brookings Institution and Tudor Investment Corporation.