JPMorgan Chase CEO Jamie Dimon has reinforced his effective estimate of a 65% chance that a recession would happen in the U.S. economy.
Speaking to CNBC and responding to a question, Dimon reiterated his belief that the chance of a soft landing for the economy was 35% to 40% and that his sense of the likelihood of a recession was "about the same" as he made back in March.
"The world is pricing in a soft landing, at probably 70-80%," he said at the time, addressing the Australian Financial Review Business Summit in Sydney through a video link. "I think the chance of a soft landing in the next year or two is half that. The worst case would be stagflation." He put the odds of a recession at around 65%.
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