BNP Paribas WM: Recession risks grow but are still low

BNP Paribas Wealth Management believes that although the US economy will likely slow in 2019, the risk of recession remains low as both manufacturing and non-manufacturing data are generally benign. “We believe there’s a rising probability of a recession, but it’s certainly not the base case for 2019,” the bank said. Additionally, the bank said the yield curve is a…

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