us china trade war (1)

IMF forecast pointing to recession in 2020

Chief economist of Moody’s Analytics, Mark Zandi, says risk of global recession is awfully high if something doesn’t stick to script. He also mentioned that even if we don’t have a recession over next 12-18 months, we are going to have much weaker economy. His stick to script includes

  1. U.S. President Donald Trump not escalating trade war with China
  2. U.K. finding a resolution to Brexit
  3. Central banks having monetary stimulus

Chief executive of JP Morgan Chase, Jamie Dimon, says “Of course there is a rec

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