Global economic risks ‘could eclipse anything since second world war’, says JP Morgan boss

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The boss of the US bank JP Morgan has warned that the world could be facing the most dangerous moment since the second world war, putting lives and economic growth at risk. In his annual letter to investors, Jamie Dimon said the world had been “generally on a path to becoming stronger and safer” in recent years but had suffered a major reversal in February 2022 when Russia invaded Ukraine. “When terrible events happen, we tend to overestimate the effect they will have on the global economy,” Dimon said. “Recent events, however, may very well be creating risks that could...