JPMorgan's Dimon: US must reduce trade deficit - Breaking The News

JPMorgan's Dimon: US must reduce trade deficit

15 May

1 min read

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JPMorgan Chase & Co. Chief Executive Officer (CEO) Jamie Dimon urged on Wednesday the United States to reduce its fiscal trade deficit as soon as possible before the situation becomes "far more uncomfortable" and harder to solve.

"Any country can borrow money and drive some growth, but that may not always lead to good growth. So, I think America should be quite aware that we have got to focus on our fiscal deficit issues a little bit more, and that is important for the world," Dimon told Sky News. "I don’t think it's a big comeuppance and I don't think it's the next couple of years, but I think it is why we have higher inflation."

Furthermore, Dimon expressed his confidence that the United Kingdom's economy will do well whoever wins the next general election, and that the country can have good relations with the European Union after Brexit.

trade balance uk-eu relations dimon jpmorgan chase brexit

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