US Recession Odds Within the Next Year Now 30%, Survey Shows [Business News Network (BNN) (Canada)]
Aurora Cannabis Inc. - Common Shares (ACB)
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Source: Business News Network
The probability of a recession over the next 12 months is now 30%, the highest since 2020, according to the latest Bloomberg monthly survey of economists. That's up slightly from 27.5% in April and double the odds economists predicted just three months ago. The survey was conducted May 6-11 and included responses from 37 economists. Recession fears have been growing in recent weeks. Inflation is hovering at its highest in decades, and prices are likely to remain elevated for quite some time. The Federal Reserve appears firmly committed to cooling inflation quickly with aggressive interest rate increases. However, the central bank faces a tough task: Cool the economy enough to temper price gains but not so much that the economy tips into recession. ©2022 Bloomberg L.P. Top Picks Top Stories Elon Musk sows doubt over his US$44B Twitter takeover U.S. futures, stocks rise as rate-hike worries ease Oil pares gains as investors weigh Russian ban, China outlook Aurora Cannab
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ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website