Are We Headed for a Global Recession?

The Jerome Levy Forecasting Center predicts a 65% chance of a global recession affecting the US by next year, countering more optimistic forecasts from Morgan Stanley and Goldman Sachs. The center, known for its mixed track record, has made accurate predictions in the past, such as the 2008 subprime crisis, but has also had misses. David Jerome, the grandson of the center's founder, argues that global economic weakness, particularly in Europe and Japan, will drag the US economy down. He highlights the significance of US exports, which constitute 13% of GDP, indicating the growing impact of global markets on the US economy.

What is the Jerome Levy Forecasting Center's prediction about the global economy?

• A 70% chance of a global boom

• A 50% chance of economic stability

• A 30% chance of economic growth

• A 65% chance of a global recession

Which financial institutions have a more optimistic view compared to the Jerome Levy Forecasting Center?

• JP Morgan and Wells Fargo

• Bank of America and Citibank

• HSBC and Barclays

• Morgan Stanley and Goldman Sachs

What is David Jerome's main focus when analyzing the economy?

• Interest rates

• Profits

• Unemployment rates

• Inflation

According to David Jerome, what is the main reason the US might be pulled into a recession?

• Increased interest rates

• Rising inflation

• Domestic policy changes

• Global economic weakness

What percentage of the US GDP is made up by exports, according to the prediction?

• 10%

• 20%

• 13%

• 15%