Tuesday, 2 April 2019

Wall Street sees no US recession

Wall Street does not expect a US recession within the next year, according to a poll by CNBC.

More than 96 percent of respondents to the survey, who included strategists, investors and traders who appear on CNBC's "Fast Money Halftime Report", said they do not see a recession in the next year, with just about 70 percent saying they are optimistic. Not a single strategist among the 27 respondents had a negative outlook.

However, Moody's Analytics Chief Economist Mark Zandi told CNBC that the global economy is "highly likely" to fall into a recession if the US and China do not reach a trade deal within three months.

Zandi also said that if the UK leaves the European Union without an agreement, "certainly the U.K. economy and the EU economy will be in recession, and I think the rest of the global economy will be not too far behind".

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