Although several factors will raise the risk of recession in 2019, a slowdown in growth- led by the United States and China- is the most likely outcome.
The yield curve between two- and five-year British government bonds inverted for the first time since 2008 on Wednesday, suggesting investors see a risk of recession.
Another bank, Berenberg, already cut its 2014 Russia forecast to a 1 percent slump, while warning that"the risk of a more serious Russian recession keeps rising.".
While rich countries fear the risk of widespread economic recession, the poorest countries fear food insecurity caused by prices they can no longer afford.
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