Faculty News
Professor Edward Altman offers his perspective on how global financial markets will continue to react to the coronavirus outbreak
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Excerpt from Yahoo Finance -- “'I think the chances of a recession have spiked dramatically, obviously since the coronavirus threat and now impact has happened. I’d say the average economist now is thinking that there’s a 60% chance of a recession within the next twelve months. That’s up dramatically from what is was before. That is the key, but if you go back to the fundamentals of companies and markets before this virus happened, there were a lot of warning signs out there already.'"
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