In a blunt statement, Jamie Dimon, CEO of JPMorgan Chase, warned that Europe is rapidly losing its economic standing. Speaking about the core reasons for Europe's economic decline, he cited slowing growth, weak innovation, and lower productivity compared to the United States and China, compounded by the burdens of an aging population and rising debt. "Europe has fallen from 90% of US GDP to about 65% in just 15 years. This is not a good sign, you are losing," he said.
Rami Kamal Al-Nsour
