Odds of a US recession at their highest since October 2013
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Washington
A DELAYED Federal Reserve rate hike, turmoil in global equity markets . . . and now increased expectations for a downturn in the US.
The probability that the world's biggest economy will enter a recession in the next 12 months jumped to 15 per cent, its highest level since October 2013, according to economists surveyed on Oct 2-7 by Bloomberg. The median had held at 10 per cent for 13 consecutive months.
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