Martin Currie's Osmani sees sharp global slowdown, but no recession

<p>Zed Osmani, portfolio manager for the <a href= "https://www.martincurrie.com/north-america">Martin Currie Global Portfolio Trust</a>, says the domestic and global economies could avoid a recession this year, although he sees a 65 to 70 percent chance of a sharp slowdown instead. Osmani says the key word for the year is 'pivot,' the centerpiece of a 'healthy bull-bear debate' about whether central banks will pivot in 2023 and how fast they will pivot; the result of that back-and-forth will be heightened volatility and a tough outcome to predict. Ted Rossman, senior industry analyst at <a href= "https://www.Bankrate.com">Bankrate.com</a>, discusses the recent news that America's cumulative credit card debt had reached an all-time high, Hailey Neff discusses a recent survey from <a href= "https://www.todayshomeowner.com/blog/guides/cities-most-million-dollar-homes/"> Todayshomeowner.com</a> showing that one in 20 American homes carries a million-dollar pricetag but asking whether one in 20 Americans can afford that much, and Kevin Kelly of <a href= "https://www.kellyetfs.com">Kelly ETFs</a> talks about thematic investing in the Money Life Market Call.</p>