A rising number of economists see a recession on the horizon. Among hedge fund managers, recession fears have also hit the highest level in a decade. Even most of the ultra-wealthy are preparing for a recession in 2020, according to a recent UBS survey. Combined with the ongoing trade war with China, this has led to heightened fears about a looming recession. Analysts expect earnings for S&P 500 companies to fall nearly 4% in the third quarter—which would be the biggest year-over-year drop since 2016, the Wall Street Journal reports.

Source: Forbes October 07, 2019 14:29 UTC