Global recession more likely and coming soon, warns Saxo Bank

Global recession more likely and coming soon, warns Saxo Bank

While markets are forecasting only a 10 percent chance of a global recession, Danish investment firm Saxo Bank puts the odds at over 60 percent.

“Our main global macro outlook still maintains that recession is more likely than not in the near future (12 to 18 months) based on the global credit impulse having peaked simultaneously with global inflation,” chief economist at Saxo Bank Steen Jakobsen told CNBC.

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