Jamie Dimon, chief executive of JP Morgan, said that the world had faced the most dangerous time it had seen decades ago.
He supposes that the conflicts between Russia and Ukraine as well as between Israel and Palestine “may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships.” Jamie Dimon is sure that geopolitical turmoil has a negative influence on the global economy in the long term.
“This may be the most dangerous time the world has seen in decades,” CEO Jamie Dimon said. “While we hope for the best, we prepare the firm for a broad range of outcomes,” he added.
Earlier, Jamie Dimon highlighted the mounting geopolitical crisis, which is the largest since World War 2. The escalation of geopolitical instability is the main risk for the global economy. The JPMorgan CEO is sure that the possible impact of the geopolitical tension could exceed that of inflation and a recession in the United States.
