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2022.07.05 21:08 GMT+8

Bloomberg calculates 38% chance of U.S. recession next year

Updated 2022.07.05 21:08 GMT+8
CGTN

The probability of a U.S. recession in the next 12 months has soared to 38 percent after consumer confidence hit a record low and interest rates soared, according to a new Bloomberg Economics forecast on Tuesday.

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