{"id":255091,"date":"2025-07-11T02:54:11","date_gmt":"2025-07-11T02:54:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/255091\/"},"modified":"2025-07-11T02:54:11","modified_gmt":"2025-07-11T02:54:11","slug":"jamie-dimon-gets-real-with-europe-about-shrinking-to-just-65-of-american-gdp-over-10-15-years-thats-not-good","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/255091\/","title":{"rendered":"Jamie Dimon gets real with Europe about shrinking to just 65% of American GDP over 10-15 years: \u2018That\u2019s not good\u2019"},"content":{"rendered":"\n

JPMorgan Chase<\/a> CEO Jamie Dimon delivered a stark assessment of Europe\u2019s economic prospects at an event in Dublin hosted by Ireland\u2019s foreign ministry, warning that the continent faces a growing competitiveness crisis.<\/p>\n

Dimon highlighted a dramatic shift in Europe\u2019s economic standing relative to the U.S. \u201cEurope has gone from 90% of U.S. GDP to 65% over 10 or 15 years. That\u2019s not good,\u201d he told the audience, which included Irish officials and business leaders.<\/p>\n

He attributed this decline to structural issues and urged European policymakers to take bold action to reverse the trend. He added \u201cthe EU has a huge problem at the moment\u201d when it comes to the competitiveness of its economy. Simply put, he said, \u201cYou\u2019re losing.\u201d<\/p>\n

The JPMorgan chief argued Europe\u2019s best chance at becoming more competitive is to finish building a truly unified internal market that works seamlessly across all industries. He referenced the report on EU competitiveness<\/a> written in 2024 by former European Central Bank President Mario Draghi, emphasizing that deeper integration is essential if Europe wants to rebuild its global economic position.<\/p>\n

While Dimon praised Ireland\u2019s open economy, business-friendly policies, and strong education system, he contrasted this with the broader European picture. He described Ireland as a model for economic openness but warned the wider region is hampered by regulatory fragmentation and lagging innovation.<\/p>\n

Dimon also addressed the importance of transatlantic cooperation, stating, \u201cAmerica First is fine as long as it isn\u2019t America alone.\u201d He called for a new EU-U.S. tariff framework to be completed as soon as possible, warning that escalating trade barriers\u2014such as recent U.S. tariffs on copper, Brazilian imports, and pharmaceuticals\u2014could have significant negative effects, particularly for export-driven economies like Ireland.<\/p>\n

Dimon cautioned financial markets are underestimating the risks posed by higher U.S. interest rates and new tariffs. He said the market is pricing only a 20% chance of further U.S. rate hikes, but he would put the odds at 40%-50%, citing inflationary pressures from tariffs, migration policies, and persistent budget deficits. He said he thinks there is \u201ccomplacency\u201d in markets.<\/p>\n

Given Dimon\u2019s status as an influential voice representing Wall Street<\/a>, his remarks may serve as a wake-up call for European leaders and investors, underscoring the need for structural reforms and closer U.S.-EU collaboration to navigate an increasingly complex global economic landscape. Dimon\u2019s remarks were previously reported by the Financial Times<\/a>, Bloomberg<\/a>, and the Irish Examiner<\/a>, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"JPMorgan Chase CEO Jamie Dimon delivered a stark assessment of Europe\u2019s economic prospects at an event in Dublin…\n","protected":false},"author":2,"featured_media":255092,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[6641,98063,2000,299,5187,14441,678,3621,4539],"class_list":{"0":"post-255091","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-competitiveness","9":"tag-economic-prospects","10":"tag-eu","11":"tag-europe","12":"tag-european","13":"tag-european-central-bank","14":"tag-ireland","15":"tag-jamie-dimon","16":"tag-jpmorgan-chase"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114832347260934190","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/255091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=255091"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/255091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/255092"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=255091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=255091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=255091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}