Global recession is 'highly likely' if there's no US-China trade deal within months, Moody's warns

 

• The global economy is "highly likely" to go into a recession if the U.S. and China are unable to reach a trade deal within three months, said Moody's Analytics Chief Economist Mark Zandi.
• He further noted that business sentiment has been hurt by the trade war and companies are now "on edge".
• The economist also said the probability of a no-deal Brexit is "uncomfortably high" and that's a risk that could send Europe into a recession.

 (Source: CNBC)