It is a low probability.
Recessions are low probability, they are rare and they happen for numbers of different reasons.
Federal Reserve Chairman Alan Greenspan , in testimony to the Senate Budget Committee, on chances of an economic recession. U.S. President George W Bush continues meetings with members of Congress. Today's bipartisan session with new members of Congress may include freshman Sen. Hillary Clinton, D-New York. The World Economic Forum is scheduled to meet in Davos, Switzerland. On Saturday, January 27, representatives are scheduled to meet at a North Korean border city to discuss the North's demand for 500,000 kilowatts of electricity a year from South Korea.