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Expect a 'procession of recessions' across many of the world's major economies within the next year, Nomura says
1 month ago | By Business Insider
The US, EU, Canada, Japan, Korea and Australia all see signs of an economic contraction. Alexander Spatari/Getty Images
Several major economies are headed for a recession within a year, according to Nomura.
The US, Europe, Japan and Canada are all at risk as rising interest rates curb growth.
China is expected to buck the trend as loose monetary policy supports the economy.
A number of major economies will enter a recession within the next 12 months as tightening monetary policy and surging commodity prices choke off global growth, according to Nomura. In addition to the US, economists at...
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