Dimon Sounds Recession Alarm: US Faces 50% Risk, Says JPMorgan CEO

Dimon Warns of US Recession Risk Amidst Economic Headwinds JPMorgan Chase CEO Jamie Dimon recently voiced concerns about the possibility of a US recession, highlighting a confluence of factors that increase the risk. In an interview with Bloomberg News, Dimon pointed to substantial government deficits, rising interest rates, persistent inflation, the lingering effects of tariffs, and a complex geopolitical landscape as significant contributors to this concern. Economists, according to Dimon, currently assess the likelihood of a recession at approximately 50%. "Hopefully we’ll avoid it, but I wouldn’t take it off the table at this point," Dimon stated, emphasizing the uncertainty surrounding the economic outlook. His comments reflect a growing unease among financial experts about the resilience of the US economy in the face of multiple challenges. While acknowledging the uncertainty, Dimon's warning serves as a stark reminder of the potential economic consequences of these intertwined issues. The situation underscores the need for careful monitoring of economic indicators and proactive policy responses to mitigate the risks of a recession.