Bridgewater’s Jensen forecasts ‘near-recession-level growth’ in 2019

(Reuters) – Greg Jensen, co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world, is forecasting “significantly weaker, near-recession-level growth” next year.

In a telephone interview on Thursday, Jensen said financial markets are “not pricing in” 2019 U.S. growth close to 1 percent and gross domestic product a “little bit lower” for the rest of the developed world next year.

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