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Return of Recession Obsession - The results of last week’s presidential and congressional elections in the United States — and the looming fiscal cliff — provide us with another opportunity to revisit the odds of a recession in the United States in the coming quarters. We will provide a full update on our economic forecast for 2013 in our 2013 Outlook publication, due later this month.
We believe lawmakers will move swiftly to avoid the looming fiscal cliff, and act as soon as possible to put the United States on a path to longer term fiscal stability. We do not expect a recession in the United States.