Why it is no time for 'quick decisions' amid growing recession expectations

Market data is pointing towards a general increase in expectations of a recession in the next 12 to 18 months.

This helps to explain some of the key findings in the Investment Association's recent retail fund flow data.  OBR: No-deal Brexit will spark recession Firstly, UK equity funds saw net outflows of £1.2bn in July. Secondly, UK Smaller Companies, UK All Companies and UK Equity Income all recorded net outflows during the month, reflecting investors' lacklustre expectations for UK growth. And finally, the Strategic Bond and Global sectors recorded the largest net inflows of the month (£115bn and £450bn respectively). According to Bloomberg, the probability of a UK recession is at its...