The Trump administration backtracked from his tariff plan, reducing tariffs from most countries to 10%, but imposing tariffs of 145% on China, which answered with 125% tariffs on US imports and export controls on rare earth metals....
"Forecasters estimate a 55% chance of a global recession by the end of the year, with a range of 39% to 55%." Is this correct? Why is the combined probability the same as the highest individual probability?
"Forecasters estimate a 55% chance of a global recession by the end of the year, with a range of 39% to 55%." Is this correct? Why is the combined probability the same as the highest individual probability?
Whoops, thanks, fixed, aggregate is 47%
Thanks - really appreciate these posts.