ABC News' chief economics correspondent Rebecca Jarvis breaks down what to know after Bloomberg economics found a 100% probability of a recession within the next 12 months. #ABCNews #recession #economy... ( read more )
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Recession Forecast Hits 100%: Bloomberg l GMA With the global economy grappling with the impacts of the ongoing COVID-19 pandemic, economists and financial institutions have been closely monitoring the possibility of a recession. Bloomberg, the renowned financial news and data platform, along with GMA, one of the Philippines' leading news networks, recently reported that the recession forecast has hit 100%. The term "recession" refers to a significant decline in economic activity, typically characterized by a substantial drop in gross domestic product (GDP) over two consecutive
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