probably

Smaller firms in the U.S. and China would probably be most affected because they lack the ability, compared with multinational firms, to shift production and diversify by choosing different locations.

Economists and real estate agents cited a variety of factors probably contributing to the trend, including high mortgage rates, rising inventory and the economic uncertainty caused in part by on-again, off-again tariffs.

"The fact it's happened three times, it will probably happen a fourth time," he said.

However, in its forecast released last month, it said regulations which "affect the flexibility of businesses and labour markets" are likely to have "material and probably net negative, economic impacts on employment, prices, and productivity".

“There probably will be, and we’ll sort through those. But I think the majority of our football team is here or signed to be here in June.”