Recession may be just around the corner: Swiss Re
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Recession may be just around the corner: Swiss Re

Swiss Re logo bank note inflation.jpg

Swiss Re has warned that a recession seems closer than expected, possibly as soon as Q2, citing a 16-month low consumer sentiment index from May and a 40-year high inflation for June.

In a July report, the company raised its full-year consumer price index inflation forecast to 7.8% from 7.4% and slashed its GDP growth forecast to 2.0%

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