JP Morgan’s Jamie Dimon warns world facing ‘most dangerous time in decades’

Spread the love

JP Morgan chief executive has warned the world may be facing “the most dangerous time in decades”.

Conflicts in Ukraine and Israel could hit energy and food prices, and global trade, the bank boss said.

Thousands have been killed in Israel and Gaza after an unprecedented attack by Palestinian militant group Hamas.

Speaking as the bank revealed its latest results, Mr Dimon said labour shortages and high government debt levels also posed risks to economies.

This means interest rates could rise further, he added.

Central banks have been struggling to bring down inflation by hiking interest rates.



In September the Organization for Economic Co-operation and Development (OECD) forecast that the pace of price rises in the UK would be the highest among developed economies this year.

Mr Dimon said: “Furthermore, the war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships.

“This may be the most dangerous time the world has seen in decades.”


EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email [email protected] Follow our WhatsApp verified Channel210520-twitter-verified-cs-70cdee.jpg (1500×750)

Support Independent Journalism with a donation (Paypal, BTC, USDT, ETH)

News Agencies

About Author

The latest news from the News Agencies

You may also like

Prince Harry and Meghan

Prince harry and Meghan closed their Instagram account

Spread the loveLondon: Royal Couple Britain’s Prince Harry and his wife Meghan have signed off on their royal Instagram account.
boris johnson

Boris Johnson has been transferred to the ICU

Spread the loveBritish Prime Minister Boris Johnson is in ICU Tweeted Sky News Boris Johnson has been moved to an