JPMorgan Says Korean Stock Gauge May Near 5,000 Over Two Years
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JPMorgan’s Dimon flags Europe falling behind US and China at alarming speed, says wake up or...
JPMorgan Chase chief Jamie Dimon has warned Europe is steadily losing economic ground to the US and China, falling from 90 percent to just 65 percent of US GDP in 15 years. Speaking in Dublin, Dimon urged leaders to fix deep structural problems and push for full market integration. He also said markets are far too relaxed about Donald Trumps tariff threats and possible US rate hikes. His words are a sharp wake-up call for European policymakers.
Europe is losing – JPMorgan CEO
The region’s economic competitiveness is dwindling, Jamie Dimon has warnedFILE PHOTO: Jamie Dimon. © Win McNamee / Getty ImagesWestern Europe is “losing” the economic competition with its main rivals, China and the US, and is struggling with a shortage of globally competitive companies, JPMorgan Chase CEO Jamie Dimon has said. Since 2022, when the EU imposed sweeping sanctions on Russian energy over the Ukraine conflict, growth across the bloc …
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