Economics

Ray Dalio Sees 25% Chance of Recession This Year and in 2020

Bridgewater founder says central banks have limited influence
Dalio recommends that the Fed cut interest rates slowly

Ray Dalio Sees 25% Chance of Recession Through 2020Show: Peer-to-Peer Conversations." (Source: Bloomberg)

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By Hema Parmar

September 5, 2019 at 4:40 PM UTC

Updated on

September 5, 2019 at 5:18 PM UTC

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Ray Dalio, the billionaire founder of the world’s largest hedge fund, said there’s about a 25% chance of a U.S. recession this year and in 2020 and that central bankers will be limited in addressing it.