Recession 'absolutely necessary' to get inflation under control

Natixis Investment Managers

Most fund selectors believe a recession is needed to reduce global levels of inflation, according to a new survey, amid concerns the economic headwinds of last year will continue in 2023.

Research conducted by Natixis Investment Managers, found 62% of fund professionals globally, and 74% in Asia, see a recession as a necessary way out of high inflation. Higher prices continue to be a primary concern for asset managers, closely followed by interest rates and the actions of central banks in raising interest rates. UK wages grow faster than expected in the last quarter of 2022 Natixis IM surveyed 441 professional fund selectors at firms around the world managing over $30trm in total client assets, across wealth management, private banks, and insurance platforms. Whe...