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T. Rowe Price

2023 Top 500 ranking: 16

Strong Growth Now May Not Mitigate a Recession Next Year

Strong Growth Now May Not Mitigate a Recession Next Year

Central bankers appear to believe that current growth momentum in Europe and the U.S. should provide some protection against a recession in 2023, but history suggests this assumption is flawed. If central banks end up downgrading growth expectations, risk assets will likely underperform and the yield curve can be expected ...

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