Wall Street sign. File photo WASHINGTON, June 2 — RIA Novosti. JP Morgan Financial Corporation CEO Jamie Dimon warned of an impending economic «hurricane.» «You know, I said that thunderclouds are coming, but now I will say it differently «It's a hurricane,» Dimon was quoted by CNBC as saying the coming recession requires preparations by the banks. «All right. Everyone thinks the Fed can handle everything. But the hurricane is hanging right ahead and moving towards us. We just don't know yet if it's going to be a small one, or whether it's going to be a superstorm Sandy… or Andrew, or something similar,” Dimon said. According to him, the current savings of American consumers will last for six to nine months, after which they will begin to experience economic difficulties. The International Monetary Fund in April worsened its forecast for US economic growth in 2022 to January estimate of 4%. At the same time, the IMF does not predict a recession in the US economy. By the end of 2023, according to the IMF forecast, US GDP will grow by 2.3%, and not by 2.6%, as previously expected. At the end of 2021, the US economy grew by 5.7%. According to the forecast of Capital Economics analyst Neil Shearing, the US economic recession will be observed in the second half of this year, and the most vulnerable sectors will be the production of durable goods, equipment, and also the real estate sector.
