Jamie Dimon continues to warn of recession despite the China decline

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Von: WOM

Jamie Dimon bleibt trotz der Senkung von China-Tarifen skeptisch bezüglich einer bevorstehenden Rezession. Lesen Sie mehr über seine Einschätzungen und die aktuellen Entwicklungen in der Wirtschaft.
Despite the reduction of China tariffs, Jamie Dimon remains skeptical about an upcoming recession. Read more about his assessments and the current developments in the economy. (Symbolbild/DNAT)

While many economists believe that the risk of an upcoming recession has dropped since China and the United States agreed to reduce tariffs last week, the CEO of JPMorgan Chase, Jamie Dimon, continues to be possible.

dimon's assessment of the risk of recession

"I would not rule that out at the time," said Dimon during an interview with Bloomberg TV on Thursday at an annual conference that the bank organized in Paris. This statement shows that even if the general mood becomes more optimistic, there are still uncertainties in the economy.

new developments in the trade conflict

After the trade breakthrough, which resulted from talks between civil servants of the Trump administration and representatives of the Chinese government in Geneva, the economists of JPMorgan have the risk that the US economy will slip into a recession, reduced from 60 % to less than 50 %

Dimon's connection to the government

During the interview, Dimon also explained that he did not see President Donald Trump regularly, but speaks to "everyone involved". This shows that despite the absence of personal meetings, he is in close contact with important decision -makers.

This story continues to develop and is updated regularly.