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%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.