U.S. Is Poised to Beat China’s V-Shaped Recovery, JPMorgan Says

The U.S. recovery is accelerating, putting it on course to outperform China’s V-shaped rebound, according to JPMorgan Chase & Co. economists.

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 U.S., according to projections from JPMorgan economists led by Bruce Kasman.