Deutsche Bank: The US might avoid recession

A number of indicators imply that the US is heading for an Economic Recession according to Deutsche Bank.

The bank’s analysts made this claim in a European Equity Strategy Research Presentation distributed on Tuesday, which after reviewing the evidence concluded that there is a, “30% recession probability over the coming 12 months” and leading “indicators (such as services PMIs and manufacturing ISM) are already consistent with sub-consensus growth.” Therefore, “any further weakening in these indicators would further increase the risk of a recessionary outcome.”

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