- financial1
- Oct, 18, 2022
- Financial Wellness
- Comments Off on ‘Growing wealth gap and rising inflation … hurt the global economy at almost every turn,’ Jamie Dimon says
'Over the past 25 years, since MarketWatch’s founding, the world has grown far more polarized and unstable,' the JPMorgan Chase CEO says
What a difference 25 years can make. The world today is a markedly different place from the world that existed at MarketWatch’s inception in October 1997.
JPMorgan Chase & Co. JPM CEO Jamie Dimon expressed it aptly when we reached out to him for his take on the state of the global economy and markets and his outlook for both.
Over the past 25 years, since MarketWatch’s founding, the world has grown far more polarized and unstable. And during the past few years alone, this is more true than ever before. The pandemic, George Floyd’s murder, the war in Ukraine, and supply-chain disruptions — within the context of a growing wealth gap and rising inflation — have furthered divisions, widened the wealth gap, and hurt the global economy at almost every turn.
Frankly, we are now living in a time that’s decidedly different from even five years ago, when MarketWatch was celebrating its 20th anniversary.