Moody's Mark Zandi Warns Of 'Uncomfortably High' 48% Probability Of US Recession In Next 12 Months - SPDR S&P 500 (ARCA:SPY)
Moody's Chief Economist Mark Zandi warns that manufacturing, construction, and transportation sectors are strained amid slowing job growth and policy challenges, raising recession risk.
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A top economist says there's an 'uncomfortably high' chance that the US is heading into a recession in the next year
Mark ZandiTom Williams/CQ-Roll Call, Inc via Getty ImagesMoody's economist Mark Zandi still sees a high chance that the US is headed for a recession.He described the odds of a downturn in the next 12 months as "uncomfortably high."Zandi flagged a few things that have him concerned about the economy. Mark Zandi has been ringing the alarm bell for a recession in recent weeks, and now, he says one indicator pushed the odds of a downturn to an "unco…
Moody's Mark Zandi Warns Of 'Uncomfortably High' 48% Probability Of US Recession In Next 12 Months - SPDR S&P 500 (ARCA:SPY)
The U.S. economy faces an “uncomfortably high” 48% probability of slipping into a recession within the next 12 months, according to Mark Zandi, Chief Economist at Moody's Analytics. Moody’s Predicts 48% Chance Of Recession Zandi shared this concerning forecast on X, citing Moody’s newly unveiled leading economic indicator, which is derived from a machine learning algorithm. While historically such high probabilities haven’t always led to a reces…
Moody's Mark Zandi Warns Of 'Uncomfortably High' 48% Probability Of US Recession In Next 12 Months
The U.S. economy faces an “uncomfortably high” 48% probability of slipping into a recession within the next 12 months, according to Mark Zandi, Chief Economist at Moody's Analytics. Moody’s Predicts 48% Chance Of Recession Zandi shared this concerning forecast on X, citing Moody’s newly unveiled…
Odds of U.S. recession in 12 months are ‘uncomfortably high’ warns Moody’s economist
The likelihood of a U.S. recession within the next year has risen to an “uncomfortably high” level, according to Moody’s Analytics. The firm’s latest machine learning-based economic indicator places the probability of a downturn at 48% as of August, based on data shared by Moody’s chief economist Mark Zandi on September 14. Zandi noted that while the figure remains just below the 50% recession threshold, it is significant given historical patter…
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