JPMorgan El Salvador Report: Growth Forecast Jumps to 3.9%

In the latest JPMorgan El Salvador report, the leading American financial services firm has revised its growth forecast for the country. The banking firm has commented on the “Bitcoinization” of the Central American country in recently published research, predicting substantial economic growth.

As per reports, in previous documents, JPMorgan predicted that El Salvador would witness year-over-year economic growth of 2.5%, but the number has been revised upward to an impressive 3.9% in the new report. It is important to note that El Salvador was the first country to adopt Bitcoin (BTC) as the legal tender in September 2021 under the leadership of Bitcoin-friendly President Nayib…

Read more on bitcoinnews

44.4K Reads