Recession probabilities rise 40-45% in six months: DoubleLine’s Gundlach

June 13, 2019

(Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Thursday the probabilities of a recession have moved up 40-45% in six months and 65% in one year.

Gundlach, who oversees more than $130 billion in assets under management, said the yield curve and the New York Fed recession probability showed a rising probability of recession.

(Reporting by Jennifer Ablan; Editing by Tom Brown)

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