DoubleLine’s Gundlach sees US recession within four months

NEW YORK (Reuters) – Jeffrey Gundlach, the chief executive of DoubleLine Capital, said a recession could happen within the next four months, as recent U.S. bank failures have exacerbated the tightening of financial conditions caused by higher borrowing rates.

“With all that’s going on I think a recession is probably within four months at the most,” Gundlach said in a Twitter Spaces audio chat on Thursday.

(Reporting by Davide Barbuscia; Editing by Leslie Adler)

tagreuters.com2023binary_LYNXMPEJ2F10R-VIEWIMAGE