Global economy faces ‘awfully high’ risk of recession in the next 12-18 months, warns Moody’s

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There’s an “uncomfortably high” chance that a recession could hit the global economy in the near future, according to Mark Zandi, chief economist of Moody’s Analytics. Policymakers may not be able to reverse that course, he said.
“I think risks are awfully high that if something doesn’t stick to script then we do have a recession,” Zandi told CNBC. “I’ll say this also: Even if we don’t have a recession over the next 12-18 months, I think it’s pretty clear that we’re going to have a much weaker economy.”
The economist said there are many factors which could help avoid a slowdown in economic activity; these include US President Donald Tr

Global economy faces ‘awfully high’ risk of recession in the next 12-18 months, warns Moody’s