US recession chances now at 80% despite Fed emergency moves: Report

The coronavirus crisis has almost certainly ended the longest US expansion on record and pushed the economy into the start of a short slump, according to analysts polled by Reuters who gave a median 80% chance of recession this year.

The virus and COVID-19, the disease it causes, has spread around the world, crippling global economic activity through lockdowns and business shutdowns. That has triggered financial market panic, ending the longest bull run in stocks in history, including the biggest one-day drop for Wall Street since the.....

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