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16 Mar 2023

Goldman Sachs raises odds of a US recession in the next 12 months by 10% to 35%

Economists at Goldman Sachs raised their probability of the US economy entering a recession in the next 12 months by 10 percentage points from 25% to 35%, the latest client note showed.

The US banking giant’s recession forecast reflects increased near-term uncertainty around the economic effects of the small bank stress.

Mar 16, 2023

GBP/JPY falls below 160.50 mark amid uncertainty surrounding Credit Suisse

GBP/JPY has been plummeting from the 164.00 level as Japanese Yen demand surges. It has been a while since the Yen acted as a safe haven, with the US
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Mar 16, 2023

Asian Stock Market: Risk aversion remains intact as fears of global banking crisis deepen, oil rebounds

Markets in the Asian domain are continuing with their downside journey as fears of banking turmoil stretch from the United States to Europe. Investors
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