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As of the close of trading on 27 April 2023, Wright's recession forecasting model anticipates a 67.0% probability the period between now and the end of April 2024 will contain the month the NBER will someday say marked the beginning of a national recession in the U.S.
Citigroup Inc. Chief Executive Officer Jane Fraser says she expects a US recession at the back-end of the year, but she expects it to be manageable. She speaks to Bloomberg's Sonali Basak the Milken Institute Global Conference in Beverly Hills, California.
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