Risk of recession increased, we are worried, says Bank of America
Updated : August 14, 2019 05:29 PM IST
The Bank of America announced that the risk of recession in the next year is now greater than 30 percent.
The US-China trade war, which has now surpassed a year, has increased the overall threat level of a global recession.
India, for now, will likely be untouched by the recession, even though its economy is undergoing a crushing slowdown.
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