5-6% GDP growth is not terrible: JP Morgan chairman Jamie Dimon
NEW DELHI: JP Morgan chairman and CEO Jamie Dimon, one of the most powerful American corporate leaders, on Monday said GDP growth numbers in China and India were “not terrible”, suggesting the slowdown should not cause excessive pessimism.
“China is growing at 5.5%, you guys (India) 5-6%. Those are not terrible numbers. They are lower than what you could be doing, but it is 5% — the US is 2%, Europe is 1%, the globe is 2.7-2.8%,” Dimon, head of America’s largest bank, told TOI in an interview.