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00:00I kind of think next year is really the difficult year. But he could come again. There are things that can make it come forward. So you know when you when you're talking about oil prices are up and saying other prices are up more every other version of oil that I use is up more them than crude. So most is jet fuel diesels up a lot. Heating oil is up a lot. So they're all they're all up by more than crude. So if we get another push firing crude it's going to really hurt. If this summer's harvests give us brutal food prices that's going to really hurt. The housing market in the UK is just threatening to roll over now and jobs could follow. So I would say recessions are pretty likely in 2020. Three in lots of places. I think it's it's just plain blind luck. If we can avoid them with the number of pressures coming to the system. But Europe is is right in the firing line. That's really the.

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Juckes: It's Blind Luck If Europe Can Avoid a Recession

Kit Juckes, Chief FX Strategist at Societe General talks about recession risks for Europe and the world on "Bloomberg Surveillance." (Source: Bloomberg)

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