The worst is yet to come, feels JP Morgan chief Jamie Dimon, if the US economy heads towards a stagflation. There is a lot of hope of an economic recovery towards the end of the year, after the US markets having facing a downslide over the past few weeks due to various market forces in play, and a fear of an impending recession among US investors.
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Is the US economy actually heading for a stagflation?
The chances of a stagflation cannot be taken off the table, feels Dimon, looking at the current US market scenario, which is behaving rather peculiarly, mostly due to the upcoming US Presidential elections, as well as the fears of an economic meltdown due to an incoming recession.
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