JPMorgan Chase CEO Jamie Dimon said on Wednesday that his company is hunkering down for a looming economic “hurricane.”
The executive’s comments come amid news that the United States economy shrank at a 1.5% annualized rate in the first quarter of 2022. The economy following COVID-19 and the lockdown-induced recession has been troubled by various phenomena — including persistent inflation, high gas prices, and the Russian invasion of Ukraine.
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