Home US to enter a bad recession – JP Morgan’s Jamie Dimon

US to enter a bad recession – JP Morgan’s Jamie Dimon

Updated: 7 Apr. 2020 | 04:02

Jamie Dimon, the CEO of JP Morgan, predicts the US will see a severe downturn along with some kind of financial stress similar to the global financial crisis of 2008.

Dimon said that JP Morgan is preparing for a 35% plunge in economic growth and a rise in the jobless rate to 14%.

Dimon made the predictions in his annual letter to shareholders.

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