Recession is inevitable unless there's good news in two weeks to stop a downturn, analysts warn
- Masanari Takada of Nomura said markets look set to enter a downward spiral
- He said the US must end its trade war with China or the Fed needs to cut rates
- The FTSE 100 hit a six-month low on Thursday before bouncing back slightl
Global recession is now inevitable unless there is a 'powerful' dose of good news within a fortnight, analysts fear.
Masanari Takada, analyst at Nomura, said markets look set to enter a rapid downward spiral, making recession 'essentially self-fulfilling', unless one of following happens by the end of the month.
He said the US must end its trade war with China or the Federal Reserve needs to drastically cut rates or several governments must boost their economies in unison.
Masanari Takada, analyst at Nomura, said markets look set to enter a rapid downward spiral, making recession 'essentially self-fulfilling'
A red alert in the bond market last week caused stock markets to plummet worldwide.
The FTSE 100 hit a six-month low on Thursday before bouncing back slightly to finish on Friday at 7117.
Traders were spooked by falls in government bond yields, where the return on ten-year US Treasuries fell below the rates on shorter-term bonds.
This has heralded every US recession bar one in the past 50 years.
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