Moody's Economist Warns of 48% Chance of US Recession Within a Year
Chief economist Mark Zandi highlights that probabilities above 40% have historically aligned with recessions, citing slowing employment as a key concern.
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Terms & Concepts
Recession: A significant, widespread, and prolonged downturn in economic activity, often identified by two consecutive quarters of negative gross domestic product (GDP) growth.
Moody’s Analytics: A subsidiary of Moody's Corporation that provides economic research, financial intelligence, and analytical tools to help leaders manage risk.