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Recession Probability Soars as Inflation Worsens
Economists have sharply raised the probability of a recession, now putting it at a level usually seen only on the brink of or during recessions.
www.wsj.com
higher borrowing costs, a blistering pace of inflation, supply-chain problems and commodity-price shocks stemming from the war in Ukraine
persistently elevated inflation backdrop, surging interest rates and plunging stock prices
<positive sign>
consumers will continue to spend freely on leisure, travel and hospitality over the summer
https://on.ft.com/3QuSBqV
City bosses warn of UK recession this year
FT executive network members raise concerns that managers lack experience in handling economic shocks
www.ft.com
stubbornly high inflation, even as demand slows, which forces the central bank to keep hiking into a sustained and deep recession
Energy cost disruption, supply chain dislocation, vicious cost of living increases, shortage of key materials
<positive sign>
Low unemployment and high consumer spending