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RBC Global Asset Management assigns a 70% probability for a recession in 2024, according to its year-ahead outlook.

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  • RBC Global Asset Management put the odds of a recession in 2024 at 70%.
  • In the firm's 2024 outlook, strategists shared six reasons why they hold that view.
  • "A recession can be expected to inflict very real pain on businesses and households, and cascade into financial markets as well."

The Federal Reserve's interest-rate hiking cycle has yet to tip the US economy into a downturn, but RBC Global Asset Management put the odds of a recession in 2024 at 70%.

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economy, Markets, Markets, stock-market, Recession, economic-outlook, economy, 2024-outlook, financial-markets, Households, Jobs, labor-market, rbc-capital, business-holiday-save-2023
Source
RBC says these 6 reasons explain why a recession will strike in the first half …