Amid escalating macro headwinds, recession odds are rising every passing day. According to a probability model run by Ned Davis Research, currently, there exists a 98.1% chance of a global recession.
Moreover, billionaire investor Stanley Druckenmiller believes that the Federal Reserve’s efforts to tighten monetary policy could pose some problems for the economy. He stated, “I will be stunned if we don’t have a recession in ’23.”
