Most investors expect European recession – survey ...News

Some 86% of those polled said they expected the EU to suffer a recession within the year Some 86% of global investors predict Europe will enter a recession within the year, according to a survey of fund managers conducted by Bank of America and published on Tuesday. The figure represents a stark increase from last month, when just 54% of respondents made a similar prediction. The asset managers’ gloomy forecast wasn’t limited to Europe, however. A record 79% of respondents with $800 billion assets under management expect the entire world’s economy to weaken over the course of the year. Half of those suggested the

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