Reduction in recession risk bodes well for US power, gas demand

摘要

The risk of a US recession has eased somewhat, according to the latest S&P Global US Business Cycle Barometer issued Monday, which prompted energy industry observers Tuesday to foresee chances for stronger power and natural gas demand. “S&P Global Economics' recession model, which is based on key financial market indicators up to mid-November, indicates that the probability of a recession starting in the coming 12 months has moved down,” states the report.