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.
Recession Fears Increase Among Investors With 58% Now Expecting A Downturn In The Next 12 Months, Bofa Says
prosen@insider.com (Phil Rosen), Business Insider
Tue, 08/16/2022 - 5:57am
Topics: spencer platt/getty images bank america's global fund manager survey sentiment recession august may 2020 as bull bear indicator america global fund manager surveybofa global researchstill business insider america's global fund manager bofa investors downturn months inflation remains coming bearish monthly risk expect marks highest told apocalyptically rise rates shocks expectations hopes ndash quarters longer
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