The Brexit saga is quickly coming to a head, but it is increasingly unclear which direction it is headed.

Replay this webinar as Mark Zandi and Barbara Teixeira Araujo assess the global macroeconomic implications of the range of possible scenarios from No Brexit to No Deal. We use the Moody’s Analytics Global Macroeconomic Model to explore the economic fallout from Brexit.

Click here to view the presentation slides

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The implied probability of a fed funds rate cut at the Federal Open Market Committee's July 31 meeting recently soared to 72% mostly in response to Jerome Powell's apparent willingness to heed the recessionary warning of a possibly persistently inverted yield curve.

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According to the Federal Reserve's “Financial Stability Report” of May 2019, not only has the outstanding debt of nonfinancial businesses outpaced nominal GDP during the past 10 years (or since 2008), but the growth of debt has been skewed toward riskier firms.

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