“There is no end in sight to this slowdown, the recession risk is real,” Torsten Slok, chief economist at Deutsche Bank said in a note on Tuesday following the report." Source.
OH! Nooooooow the recession risk is real? But.... just last week they were spitting out all of THESE headlines. Eye roll.
Hold That Recession: U.S. Indicators Are Trouncing Forecasts.
Meanwhile South Korea fell into technical deflation.
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