CNBC reports:
The chances that the U.S. will experience a recession in 2025 have increased because of the tariffs it has implemented, Alec Kersman, managing director and head of Asia-Pacific at Pimco, said at CNBC’s CONVERGE LIVE event in Singapore on Wednesday.
There is a “maybe 35% probability” that the U.S. will enter a recession this year, Kersman told CNBC’s Martin Soong. That’s up from the approximately 15% chance that Pimco estimated in December …
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