BofA: European recession fears decline among managers despite growth pessimism

Latest fund manager survey

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 China growth optimism slumps Growth was still a corner for managers, however, particularly in Europe, with 89% of investors predicting a further slowdown in the region in response ...