I’d say it’s higher than that
I’d say it’s higher than that
I kind of feel like we have been in a recession for a long time.
Archive: https://archive.today/zIjRL
From the post:
>The odds of the U.S. economy slipping into a recession have grown in recent months, according to global financial services company UBS. In an analysis cited by Fortune, the global financial services company said that recent "hard data" on the economy pointed to a 93 percent probability of an economic downturn, a risk level UBS described as "historically worrying." UBS notes that it is not yet forecasting a recession at this time, but anticipates an extended phase of stagnant economic growth. Its own "credit metrics-based" recession probability, Fortune writes, has roughly doubled to 41 percent since January.
I kind of feel like we have been in a recession for a long time.
Archive: https://archive.today/zIjRL
From the post:
>>The odds of the U.S. economy slipping into a recession have grown in recent months, according to global financial services company UBS.
In an analysis cited by Fortune, the global financial services company said that recent "hard data" on the economy pointed to a 93 percent probability of an economic downturn, a risk level UBS described as "historically worrying."
UBS notes that it is not yet forecasting a recession at this time, but anticipates an extended phase of stagnant economic growth. Its own "credit metrics-based" recession probability, Fortune writes, has roughly doubled to 41 percent since January.
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