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ABC News
ABC News
Business
business reporter David Chau

Market sell-off a 'real downturn' and risk of global recession close to 50-50, analyst warns

The ASX could drop further, depending on how interest rates climb. (AAP: Peter Rae)

It may sound a little strange that global markets are going through a meltdown due to fears of a potential recession in the next year or two, particularly given how strongly the economy has been performing.

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