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The Probability Of A US Recession Just Spiked

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The Probability Of A US Recession Just Spiked

The Probability Of A US Recession Just Spiked

According to Business Insider, The chances of a US recession just spiked in the last month by a magnitude that UBS economists says shocked even them.

UBS says that the probability of a major contraction in the economy shot up to 73%, from just 24% in December.

The bank economists said that “Weakness in the data is now fully consistent with a very real risk of a recession, whether one happens or not.

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