Reported 9 months ago
Insigneo Chief Investment Officer Ahmed Riesgo believes that despite record highs in the stock market, a recession is likely to hit sooner rather than later. He points to warning signs such as deteriorating labor market conditions and changing consumer behavior, indicating a potential economic downturn in late 2024 or early 2025. Riesgo expects this recession to be mild, with the unemployment rate potentially rising above 4% but not exceeding 6%, suggesting a need for investors to adopt a diversified strategy to navigate potential market turbulence.
Source: YAHOO