FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and International Chief Funding Officer, speaks through the Reuters International Funding 2019 Outlook Summit, in New York, U.S., November 12, 2018. REUTERS/Brendan McDermid/File Photograph

NEW YORK (Reuters) – Guggenheim Companions international chief funding officer Scott Minerd warned on Tuesday the agency’s recession forecast mannequin confirmed a 58% likelihood of the economic system being in a recession by mid-2020, and a 77% likelihood of 1 starting within the subsequent 24 months.

Minerd, who oversees greater than $240 billion in property below administration, mentioned historical past reveals that after Guggenheim’s Recession Likelihood…

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