The head of McDermott Will & Emery’s restructuring and insolvency group said he isn’t betting on an economic downturn or recession happening soon. He think it’s already beginning to happen.

“I don’t know that we’re betting on a downturn. I think we believe there is a downturn. I think we’re at the beginnings of it right now,” said Timothy Walsh, one of the global co-heads of the group.

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