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Business > Top Business
No signs of imminent US recession
By Reuters
Aug 11, 2024 12:13 am

MUMBAI, India — Market concerns about global growth may have been excessive this week as there is no evidence of an imminent US recession, a co-founder of consultancy Energy Aspects said on Friday.

'Overall, we do not believe the global economy is on the verge of a sudden downshift,' said Amrita Sen, director of research at Energy Aspects, noting that disappointing Chinese growth and signs of a US slowdown had made policymakers hesitant in both countries.

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