The United States faces 20-percent odds of a return to recession, rating agency Standard & Poor’s said on Tuesday, although it said a slow recovery remains the company’s baseline forecast for the world’s biggest economy.
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“But the risk of another downward leg on the recession remains real,” the agency said in a statement.
While S&P said it could be underestimating American consumers, years of stagnation, as Japan has seen, could also occur.
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