In 2024, JPMorgan Chase CEO Jamie Dimon presented a mix of positive and cautionary statements regarding the American and global economy. Here are the highlights:
📈 Positive Statements
April 2024 – During an event at the Economic Club of New York, Dimon described the American economy as "very strong" supported by job growth and consumer strength, stating:
> "The American economy is incredibly strong… even if we enter a recession, consumers are doing fine".
The first quarter of 2024 – The bank recorded record revenues for the seventh consecutive time, with a net income of $58.5 billion, reflecting outstanding performance despite the challenging economic environment.
The same man from the same bank in 2025
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📉 1. Warning of a looming downturn
Jamie Dimon, CEO of JPMorgan Chase, stated that pandemic support is fading and that there is a "real chance" of a near-term decline in economic numbers. He pointed to business and consumer apprehension regarding fluctuating tariff policies.
🌍 2. Global growth slowdown
The World Bank lowered its global growth forecast for 2025 to 2.3%, the weakest in 17 years, driven by disruptions in trade due to Iranian and American tariffs.
