Bloomberg have published the results of a poll and produce a headline of " A US recession just got a little more likely"
The probability that the world's biggest economy will enter a recession in the next 12 months jumped to 15%, its highest level since October 2013, according to economists surveyed between Oct. 2-7 by Bloomberg. The median had held at 10% for 13 consecutive months.
Concerns over China, and the potential spillover to other economies, have led economists to cut their third-quarter growth forecasts to 2% from as high as 3% in July.
China also is worrying Fed officials, who cited it as a risk to their outlook for economic growth and inflation. Adam posted on the FOMC Minutes here
In an interview yesterday, Carlyle Group LP's David Rubenstein said a U.S. recession was likely "in the next year or two or three." Economists projected the U.S. won't enter a recession until 2019, after pegging it to 2018 in last month's survey, according to a separate Bloomberg poll.
While you ponder the ramifications of a US recession have a great week-end and rest well in preparation for another lively week ahead
I'm off out now to watch the mighty Shrimpers do battle. I hope your teams also do well in whichever sport you follow.
