'Awfully high' risks of a global recession in the next 12-18 months, Moody's chief economist says

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'Awfully high' risks of a global recession in the next 12-18 months, Moody's chief economist says
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'Even if we don't have a recession over the next 12-18 months, I think it's pretty clear that we're going to have a much weaker economy,' says Mark Zandi, chief economist of Moody's Analytics.

Avoiding a recession requires many factors to "stick to script" at the same time, says Mark Zandi, chief economist of Moody's Analytics.

The International Monetary Fund, in its World Economic Outlook report released on Tuesday, cut its forecast for global growth once again.Visual China Group | Getty Images "I think risks are awfully high that if something doesn't stick to script then we do have a recession,"

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