Bankers Dimon and Lowe see upside risks on interest rates

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“The worst case of recession would be stagflation (weak growth and high inflation),” the JPMorgan chief executive said from New York. “That’s almost off the table if you look at people’s projections. I wouldn’t take it off the table yet.” “I’m not so sure the world is that safe, or a risk-free place.” Mr Dimon said the transition to a “green economy” required a “tremendous amount of spending”, while nations were also spending on “re-militarising” to safeguard trade lanes and oil and gas pipelines. “I think that the amount of fiscal stimulus in the world has been extraordinary. The amount...