BofA Merrill Lynch survey reveals a third of global fund managers expect a recession in 12 months

Many fund managers are expecting a recession to set in within twelve months, revealed a Bank of America Merrill Lynch survey.

According to the survey, that saw the participation of 224 panellists with $553-billion of assets under management, the number is the highest since 2011 pointing towards the rising anxiety towards the future of the global economy.

“34 percent of FMS investors think a recession is likely in the next 12 months vs. 64 percent who think it’s unlikely, the highest recession probability since October ’11; note this is in line with BofAML US economists, who think there is close to a 1 in 3 chance of a recession in the next 12 months,” the survey said.