(Bloomberg) --
Bloomberg Economics' base case is a slowdown for most economies -- including U.S., China and Japan -- and recession for a few -- Germany and the U.K. Risks to that forecast are tilted to the downside. If a fading manufacturing sector in the U.S. and the euro zone proves a leading indicator of weakness in the larger services sector, the downturn will be more widespread.
©2019 Bloomberg L.P.
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