Spencer Platt/Getty Images Bank of America's Global Fund Manager Survey found that 58% of investors expect a recession in the coming 12 months. That's up from 47% in the last monthly survey and marks the highest percentage since May 2020. "Sentiment remains bearish, but no longer apocalyptically bearish as hopes rise that inflation & rates shocks end in coming quarters." Recession fears continue to climb among investors, as Bank of America's Global Fund Manager survey for August found 58% expect a downturn in the coming 12 months.That's up from 47% in the last monthly survey, and marks the highest rate since May 2020.