JPMorgan CEO warns of “unprecedented” economic risks ahead from Russia-Ukraine war

Russia’s invasion of Ukraine and penalizing sanctions against Moscow have roiled financial markets and wreaked havoc on global supply chains. And JPMorgan CEO Jamie Dimon thinks the worst is yet to come.

Dimon warned in his closely-read annual letter to shareholders on Monday that Russia’s ongoing invasion of Ukraine is expected to meaningfully slow the U.S. and global economy.

JPMorgan economists predict consequences from the war and resulting sanctions against Russia will reduce the…


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