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recessionCNBC
•78% Informative
UBS CEO Sergio Ermotti says market volatility could intensify in the second half of the year .
UBS expects that the Federal Reserve will cut rates by at least 50 basis points this year .
Global equities saw sharp sell-offs last week as investors digested weak economic data out of the U.S. It raised fears about an economic downturn in world's largest economy.
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88
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