Hedge fund titan Ray Dalio has lowered his odds of US recession before 2020 election

Ray Dalio, the founder of $160 billion Bridgewater Associates, is less concerned that before about the odds of the US entering recession before the 2020 presidential election. 

"I still expect that there will be a significant slowing of growth in the U.S. and most other countries, I have lowered my odds of a U.S. recession coming prior to the U.S. election to about 35%," Dalio wrote in a LinkedIn blogpost Wednesday evening.

Dalio had reportedly put the probability of US recession above 50 percent while speaking at Harvard in February 2018.