CT businesses turn cautious as recession worries grow. ‘Going to make it a rocky year,’ one said.

CT businesses turn cautious as recession worries grow. ‘Going to make it a rocky year,’ one said.

With a trade war escalating, a broad cross-section of employers in Connecticut are slowing down expansion and hiring, and consumers are reining in spending sparked by worries of higher prices. Economists are warning that the risk of a recession is rising nationally — one believing the chances are now as high as 70% in the next 12 months — with Connecticut all but certain to get caught up in any downturn. The president and chief executive of the …

Recession Is Coming... And This Time It’s Going to Be UGLY