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StockNews.com
StockNews.com
Business
Anushka Dutta

4 Leisure Stocks to Avoid as Recession Worries Build

H Fubo RCL RBLX Recession Entertainment Cruises Inflation Roblox Corporation

The soaring inflation and the consequent aggressive interest rate hikes have led to widespread recession fears. The Atlanta Fed expects GDP to decline by 1.2% in the second quarter.

According to a CNBC CFO Council Survey, most CFOs believe a recession will occur in the first half of 2023. Given this backdrop, consumers have started thinking about pulling back on how much they spend on entertainment and travel. 

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