U.S. recession looks likely — and there are 3 ways the economy could get hit

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• 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.

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