Tags: jamie dimon | recession | growth | economy

Jamie Dimon: Recession Possible by 2020 Despite Strong Growth

(Feng Yu/Dreamstime)

Thursday, 15 November 2018 05:37 PM

While the U.S. economy is leading a global resurgence, the prospect of a recession as soon as 2020 can’t be ruled out, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said.

“The consumer balance sheet is in good shape, corporations are in good shape. That may very well continue,” Dimon said Thursday in an interview with Axios in Columbus, Ohio.

“2019 could be the fastest global growth year on record,” Dimon said.

Asked when the economy might start to contract, he said “that may very well happen in 2020, 2021.”

Other Dimon comments:

  • Tariffs should be viewed as a tool the administration is using to achieve legitimate trade goals. “I wouldn’t have gone about it that way,” Dimon said.
  • The impact of blockchain technology has been overblown.
  • Proposals to split up big banks are “pipe dreams,” he said, declining to comment further on prospects for the idea.

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While the U.S. economy is leading a global resurgence, the prospect of a recession as soon as 2020 can't be ruled out, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said.
jamie dimon, recession, growth, economy
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2018-37-15
Thursday, 15 November 2018 05:37 PM
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