Main menu


You are here

Home › James Dimon's Warning for the U.S. Economy and uncertainties ahead › James Dimon's Warning for the U.S. Economy and uncertainties ahead

James Dimon's Warning for the U.S. Economy and uncertainties ahead

Primary tabs

James Dimon's Warning for the U.S. Economy and uncertainties ahead

Sat, 2020-07-25 21:06 — mike kraft
Jamie Dimon's warning for the U.S. economy — nobody knows what comes next More than four months into the coronavirus pandemic, the financial damage wrought by the outbreak has yet to fully register. Hugh Son CNBC
  • The range of outcomes for the economy in the second half is incredibly wide: JPMorgan Chase sees no fewer than five different paths it can take.
  • The bank has gotten more pessimistic, seeing unemployment in its default “base” scenario hitting nearly 11% by the end of this year, 4.3% worse than when it made the same forecast in April.
  • In a worst-case scenario where the virus surges further in the fall, forcing another round of widespread shutdowns, unemployment could peak at roughly 23%, the bank said.
  • “The word unprecedented is rarely used properly,” Dimon said this week. “This time, it’s being used properly. It’s unprecedented what’s going on around the world, and obviously Covid itself is a main attribute.”
Country / Region Tags: 
United States
US - Alaska
US - Central
US - East
US - Great Lakes
US - Gulf Coast
US - Hawaii
US - North
US - NorthEast
US - NorthWest
US - South
US - SouthEast
US - SouthWest
US - West
General Topic Tags: 
Economics
Government
Policy
Politics
Problem, Solution, SitRep, or ?: 
Analysis
Groups this Group Post belongs to: 
- Private group -
Workflow history
Revision ID Field name Date Old state New state name By Comment Operations
No state No state
howdy folks
Page loaded in 0.435 seconds.