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‘We’ll hit a recession at the end of this year’ -CIO

STORY: With Russia’s invasion of Ukraine now a week in, hundreds of Russian soldiers and Ukrainian civilians have been killed, and Russia itself has been plunged into isolation.Soaring prices of oil and other commodities have stoked fears that recent high inflation could combine with stagnant economic growth, making it more difficult for the Federal Reserve and other major central banks to manage interest rates. “All of that is going to add to a situation where the economy will decelerate,” said Palumbo.The percentage of fund managers who expect so-called stagflation within the next 12 months stood at 30%, compared with 22% last month, a survey from BofA Global Research showed.  

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