Reported about 10 hours ago
Global investment bank UBS has recently warned that there is a 93% likelihood of the U.S. entering a recession this year, based on various economic indicators. Despite this high probability, UBS characterizes the economy as 'soggy and soft' rather than collapsing. With job growth disappointing and unemployment rates climbing, experts suggest taking steps to prepare financially for potential economic downturns, such as maintaining liquidity, budgeting wisely, paying down debt, and having a backup plan in case of job loss. It's essential to remain calm and avoid making hasty financial decisions during market fluctuations.
Source: YAHOO