Hedge fund titan Ray Dalio has lowered his odds of US recession before 2020 election

Omkar Godbole FXStreet Contributor

Ray Dalio, the founder of $160 billion Bridgewater Associates, is less concerned that before about the odds of the US entering recession before the 2020 presidential election.

"I still expect that there will be a significant slowing of growth in the U.S. and most other countries, I have lowered my odds of a U.S. recession coming prior to the U.S. election to about 35%," Dalio wrote in a LinkedIn blogpost Wednesday evening.

Dalio had reportedly put the probability of US recession above 50 percent while speaking at Harvard in February 2018.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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