FX.co ★ US economic risks reach record high since 1945

Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., reported that military conflicts, such as in Ukraine and the Middle East, now threaten the world economy more than any other event since the end of World War II.

He emphasized that these events could eclipse all other risks of the past nearly 80 years.

He also expressed the view that after 2022, the global community would no longer be able to enjoy the illusion of security.

Prior to the conflict in Ukraine, the world was moving towards stability and security. However, this strategy has been hampered by geopolitical tensions that have created new competition between countries.

What is more, economist Nouriel Roubini, known for his ability to predict financial cataclysms with an accuracy comparable to that of the weather service, foresees serious problems for the global economy in case of a full-scale war between Iran and Israel. According to his gloomy prophecies, the world could see a sharp jump in oil prices and a stagflation crisis, which will become a grave problem for central banks.

If these predictions come true, the global economy will face new challenges that promise to be as strong as the current ones.