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There's now a 98% chance of a global recession - which signals a severe downturn and more downside risk for stocks, research group says

2 monthes ago   |   By Business Insider

Traders watch the price of X Financial, a Chinese technology personal finance company, following the company's IPO on the floor of the New York Stock Exchange in New York, U.S., September 19, 2018. Brendan McDermid/Reuters
Ned Davis Research's Global Recession Probability Model is at 98.1%, the group wrote in a recent note.
The only other times the indicator reached this level was in 2020 and 2008-2009.
Most asset classes have priced in a moderate, but not severe, recession so far, according to the note.
Data suggests the global economy is already in a moderate slowdown but the odds of a...
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