Report
What do diffusion indices say about the risk of recession in the US?
In 2016, the last time there were real fears of a US recession, the economy's weakness was intense, but very much focused on certain sectors or regions. At the start of this year, it is the reverse - the weakness is diffuse (exhibited by industry, consumption and property) but not intense. By making the entire economy more vulnerable to a shock, this second situation is less comfortable and justifies a more marked increase in probabilities of recession. Nevertheless, the most rec...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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