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Chances of US recession rise by 50%: BNP Paribas

PUBLISHED ON: September 6, 2011 | Duration: 17 min, 41 sec

   
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Richard Iley, chief economist (Asia) at BNP Paribas Securities, says the chances of US recession in fourth quarter have become significantly greater based on the economic data. He expects the new fiscal package to bring a short term stimulus in US economy.
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