U.S. recession looks likely — and there are 3 ways the economy could get hit - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: International News (https://forums.ipoh.com.my/forum-13.html) +---- Forum: Business, Economy and Investment (https://forums.ipoh.com.my/forum-56.html) +---- Thread: U.S. recession looks likely — and there are 3 ways the economy could get hit (/thread-6015.html)

U.S. recession looks likely — and there are 3 ways the economy could get hit - superadmin - 07-11-2022 The odds of the U.S. economy falling into recession by next year are greater than 50%, TD Securities said Monday. Outlining three potential risks, the investment bank named rising gas prices, a hawkish Federal Reserve and a generally slowing economy. “The odds of a recession in the next 18 months are greater than 50%,” global head of strategy, Richard Kelly told CNBC. The odds of the U.S. economy falling into recession by next year are greater than 50%, Richard Kelly, head of global strategy at TD Securities, said Monday, outlining three possible ways it could get hit. Rising gas prices combined with a hawkish Federal Reserve and a generally slowing economy are among the tripartite risks facing the world’s largest economy right now, according to Kelly. Could that raise the possibility of a recession? “I don’t think it’s a potential,” he told CNBC’s “Street Signs Europe.” “The odds of a recession in the next 18 months are greater than 50%,” Kelly added. Exactly when that downturn might hit is harder to predict, however. - More -