The probability of a US recession just spiked the most in 30 years — UBS says 'even we are surprised by this'

The odds of a US contraction shot up to 73%, from just 24% in December, says UBS. That's the largest one month jump in recession risk since 1989.
Read more: https://www.businessinsider.com/ubs-1-month-jump-in-us-recession-risk-highest-since-1989-2019-3?source=Snapzu