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More than a third of investors in U.S. expect recession in 12 months

Christian Fernsby |
Recessions fears have reached their highest levels in eight years as investors shift away from equities to bonds, according to the latest Bank of America Merrill Lynch survey of fund managers.

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Topics: U.S.    INVESTORS    RECESSION    

More than a third of investors surveyed believe a global recession is likely in the next 12 months, the highest recession probability since October 2011, the August Fund Manager Survey found.

“Investors are the most bullish on rates since 2008 as trade war concerns send recession risk to an eight-year high,” Michael Hartnett, Bank of America Merrill Lynch chief investment strategist, said.

The survey was conducted between August 2 to 8 and interviewed 224 panellists with US$553 billion in assets under management.

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