Economists for JPMorgan Chase & Co.
In an April 25 research report, Kasman and Hensley offered a mixed outlook on the global economy. By the midyear, the economic decline that began in the United States will ripple out to the rest of the world.
"Western Europe is expected to deliver subpar performance in the coming months, while the rapidly growing Asian economies are set to decelerate materially," they wrote. "At the same time, the US economy is anticipated to remain stagnant, but also to provide comfort as it avoids slipping into the black hole of a deep recession or severe credit crunch."