JPMorgan Chase CEO: ‘US, World Headed For Recession In 2023’

  • PMorgan Chase CEO Jamie Dimon is predicting that the US and the global economy will be plunged into a recession by the middle of 2023 due to what he calls a “very, very serious” combination of headwinds, including inflation, high interest rates and the Russian war in Ukraine.
  • “These are very, very serious things which I think are likely to push the US and the world — I mean, Europe is already in recession — and they’re likely to put the US in some kind of recession six to nine months from now,” Dimon told CNBC.
  • Dimon, who spoke to CNBC’s Julianna Tatelbaum at Monday’s JPM Techstars conference in London, said he thought the US economy was “actually still doing well” despite the challenges of the present day.
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