BofA: European recession fears decline among managers despite growth pessimism

clock • 2 min read

Fears of a recession in Europe were markedly lower among fund managers in September, but more expect a further slowdown in the region, according to a survey by Bank of America. In the bank's monthly European Fund Manager survey, a net 32% thought the European economy will go into a recession over the next 12 months, down sharply from 61% last month and from a peak of 95% last October.  However, the proportion of respondents expecting a global recession remained unchanged at a net 14%, following a drop from 77% last November.  BofA: Global investors turn away from EM equities as Chi...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?