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Bank of America: Some indicators predict recession

Savita Subramanian
Chris Goodney | Bloomberg | Getty Images

Bank of America Merrill Lynch warned clients this week of a potential recession as early as next year, should some of the firms' economic indicators continue to decline.

"While the range of signals is wide, in aggregate they do suggest that, if data were to continue to weaken in line with the recent pace, history would point to a recession in the second half of 2017," wrote Savita Subramanian, head of U.S. equity and quantitative strategy, in a note Wednesday.