Nearly half of UK firms predict recession this year

One-third also predict global recession

Nearly half of all firms in the UK (46%) and US (45%) predict their country will enter a recession in the coming year, while 40% of Chinese firms expect the country to maintain a growth rate of 6-7%.

The new research from trade finance provider Stenn also discovered that over a third of UK (37%) and US (35%) firms anticipate a global recession or international global crisis in 2020. What does the...