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Wall Street sees elevated recession risk, market woes after US and China stoke trade fears
The reignited trade fight between the U.S. and China elevates the odds of a global recession and market pullback over the next year, according to some of Wall Street’s top economists and market strategists. The global economy would fall into recession six to nine months after the U.S. and China enforce their new round of tariffs, wrote Morgan Stanley Chief Economist Chetan Ahya. “Risks remain skewed towards further escalation at least until material market or economic weakness shows,” Ahya told clients in a note. “Continued trade tensions, combined with reactive monetary and fiscal policy, mean that the risk ... (full story)
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