Bankers Dimon and Lowe see upside risks on interest rates


Source: afr.com afr.com
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"The worst case of recession would be stagflation (weak growth and high inflation)," the JPMorgan chief executive said from New York. "That's almost off the table if you look at people's projections. I wouldn't take it off the table yet." "I'm not so sure the world is that safe, or a risk-free place." Mr Dimon said the transition to a "green economy" required a "tremendous amount of spending", while nations were also spending on "re-militarising" to safeguard trade lanes and oil and gas pipelines. "I think that the amount of fiscal stimulus in the world has been extraordinary. The amount…