Yet labour markets are softening, the euro zone faces recession and China's property sector is in crisis.
Here's what some closely-watched market indicators say about global recession risks:1/ AMERICAN EXCEPTIONALISM?
Britain's economy avoided the start of a recession in the third quarter but still failed to grow.
Economists broadly expect the global economy to slow next year but avoid a recession.
If supply shocks resulting from the Israel-Hamas war become severe enough to push Brent crude to $150, a level it has never breached, a "mild and fleeting" global recession could result, Oxford Economics reckons.
Persons:
Brendan McDermid, Guy Miller, COVID, Zurich Insurance's Miller, Torsten Slok, Austria's, David Katimbo, We've, Brent, Yoruk Bahceli, Dhara Ranasinghe, Naomi Rovnick, Alexandra Hudson
Organizations:
Wall, REUTERS, Zurich Insurance, Reuters, Traders, U.S . Federal Reserve, ECB, Apollo Global Management, P, Sweden's SBB, HK, Bank of England, Business insolvencies, EdenTree Investment Management, Oxford Economics reckons, Reuters Graphics Reuters, Alexandra Hudson Our, Thomson
Locations:
New York, U.S, China, Zurich, England, Wales, Europe, Israel