JP Morgan Issues Major Warning About the Global Economic Situation
JP Morgan CEO Jamie Dimon has expressed some concerns about the global economic situation, as geopolitical tensions are rising in the Middle East. Dimon explained that the unending tensions will likely be a factor that will contribute to global economic uncertainty. The JP Morgan CEO warned that the US could face some consequences that include inflation, fiscal deficits, and infrastructure issues. He called the situation in the Middle East “ treacherous ” that could change the “ course of history ” as it could have a profound impact on the global economy. Also Read: Currency: What’s Happening With the US Dollar & Chinese Yuan? The JP Morgan head said the following: “There is significant human suffering, and the outcome of these situations could have far-reaching effects on both short-term economic outcomes and more importantly on the course of history.” He also revealed that the bank has been “closely monitoring the geopolitical situation for some time, and recent events show that...