JPMorgan CEO: The global economy is heading towards a recession

JPMorgan Chase CEO Jamie Dimon has warned that a “very dangerous” mix of headwinds is likely to push both the US and the global economy into recession by the middle of next year.

Dimon said the US economy is “still doing well” at the moment and consumers are likely to be better off compared to the 2008 global financial crisis.

“But you can’t talk about the economy without talking about the situation in the future, and that’s very important,” Dimon said in an interview with CNBC.