Dimon Says Europe Economy to Drag for Decade as China Hits Goals
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Europe’s economy faces a decade of drag as policy makers struggle to enact reforms, while China will keep meeting its short-term growth targets, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said.
“Europe is going to be tough,” Dimon said yesterday at an event in Washington hosted by Politico as he predicted years of “sub-optimal growth” in the region. “They have all the same structural issues that you read about of other countries, but it’s 17 nations -- and some of those structural issues have to be agreed upon in 17 parliaments and then by Brussels.”