
To the global economy, citing concerns of inflation, political polarization, and the ongoing conflicts. Dimon, in his annual shareholder letter, expressed apprehension that current geopolitical events like war in Ukraine and political divisions in the U.S., may spell major risks-in fact, higher than any period since World War II.
He underscored that all those challenges require the cooperation and unification of nations if the response is to be effective. Dimon also dampened expectations of a "soft landing" for the U.S. economy, which is viewed as unlikely to combine modest growth with falling inflation and interest rates.
He further added that the rates could go up as much as 8% or more. He concluded by telling investors to be prepared for these unusual economic forces and to be alert to any risk management. Not all was gloomy, however, as Dimon showed optimism for artificial intelligence, its transformational power, and how it is beginning to play in a number of arenas, including banking and technology.
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