JPMorgan Chase CEO Jamie Dimon delivered a stark assessment of Europe’s economic prospects at an event in Dublin hosted by Ireland’s foreign ministry, warning that the continent faces a growing competitiveness crisis.
Dimon highlighted a dramatic shift in Europe’s economic standing relative to the U.S. “Europe has gone from 90% of U.S. GDP to 65% over 10 or 15 years. That’s not good,” he told the audience, which included Irish officials and business leaders.
