Headed for a recession and bear market if...

[tsptalk]

UBS: The globe is headed for a recession and bear market if this week’s US-China trade talks fail

KEY POINTS

While escalation isn’t what UBS expects, a failed trade meeting between the U.S. and China would mean big changes to GDP expectations, the brokerage says.

UBS estimates that economic growth would be 75 basis points lower over the following six quarters and resemble a “mild recession.”

In the United States, the cumulative reduction in GDP would be about 1% over six quarters, 1.2% in China and 0.74% in Europe, the UBS economists write.

Further aggravation of the trade conflict could push global equities down 20%, UBS says

https://www.cnbc.com/2019/06/24/ubs...-if-this-weeks-us-china-trade-talks-fail.html