Survey shows recession probability is at a 7-year high
The odds of a recession have grown to the highest level in seven years, according to a monthly poll by The Wall Street Journal.
Economists surveyed by the Journal are seeing on average a 25 percent chance of a recession within the next 12 months, the highest level since October 2011 and up from just 13 percent last year.
The heightened probability came from a slew of worries including the ongoing trade dispute with China, rising interest rates and the massive equity sell-off in December that led to stocks' worst year since the financial crisis, the survey revealed.
The outlook for 2020 is even dimmer with 56.6 percent of the economists foreseeing a downturn to start in the presidential election year. The Journal surveyed 73 economists from Jan. 4 to Jan. 8.
https://www.msn.com/en-us/money/markets/survey-shows-recession-probability-is-at-a-7-year-high/ar-BBS45QN?li=BBnbfcN
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