Jamie Dimon gets real with Europe about shrinking to just 65% of American GDP over 10-15 years: ‘That’s not good’

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.

He attributed...