Bloomberg Chief economist: 100% chance of US recession within 12 months

BlockBeats news, October 18, according to Bloomberg News, the data of the model built by Bloomberg chief economist Anna Wong and economist Eliza Winger shows that the probability of a recession in the US economy in the next 12 months is 100%, That's well above its previous forecast of 65%. The model uses 13 macroeconomic and financial indicators to predict the likelihood of a recession on a one-month to two-year horizon.