“A Recession is likely in the US” – Commentary by the CEO of an American Investment Bank “Possibility of US Recession”

Washington,

Jamie Dimon, chief executive of JPMorgan Chase, the country’s leading investment banking company, has warned that an economic recession may occur in the next 6 to 9 months in the United States.

Although it will not be as bad as the economic crisis of 2008, he said, uncertainty has increased due to various factors, including uncontrollable inflation, rising interest rates, and the Russia-Ukraine conflict.

He advised that it is impossible to say for sure how long this economic recession will last and as a precautionary measure market prices should be assessed.

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