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Contrarian warns of global recession dragging U.S. growth
David Levy predicts a worldwide downturn next year driven by slow growth in France Italy Russia Brazil and China with the U.S. facing a potential recession despite strong job gains and a resilient domestic expansion. European banks high debt and weak confidence compound risks while emerging markets rely too much on U.S. demand.
MENTIONED IN THIS ARTICLE
New York
U.S
France
Italy
Russia
Brazil
China
David Levy
Levy
Fed
Portugal
Eswar Prasad
Cornell University