National stagflation

TITILE:National stagflation

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According to a recent report from the U.S. Consumer News and Business Channel, on the 23rd, Jamie Dimon, Chairman and CEO of JPMorgan Chase, stated at the JPMorgan Chase Global China Summit in Shanghai that a “hard landing” for the U.S. economy cannot be ruled out. “possibility.
When reporters asked about the prospect of a hard landing, Dimon responded: “Are we really going to see a hard landing? Of course, how can anyone who has read history say it’s impossible?”
Dimon said the worst outcome for the U.S. economy would be “stagflation,” in which inflation continues to rise but economic growth slows amid high unemployment.
“I see a range of outcomes, and the worst outcomes for all of us are stagflation, high interest rates and recession. That means lower profits for companies,” he said.

Author:Catherine

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