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

""Europe has gone from 90% of U.S. GDP to 65% over 10 or 15 years. That's not good.""

""The EU has a huge problem at the moment when it comes to the competitiveness of its economy. Simply put, you're losing.""

""Europe's best chance at becoming more competitive is to finish building a truly unified internal market that works seamlessly across all industries.""

""America First is fine as long as it isn't America alone.""

Jamie Dimon emphasized Europe's economic decline, noting its GDP share has fallen from 90% of the U.S. to 65% in the past 10 to 15 years. He attributed this to structural issues and urged bold action from policymakers. Dimon suggested that completing a unified internal market is critical for improving competitiveness. He praised Ireland's economic openness while critiquing broader Europe for regulatory fragmentation. He also advocated for enhanced U.S.-Europe relations and warned against increasing trade barriers that could harm export-driven economies like Ireland.

Read at Fortune