Experts Warn of Impending Recession and Economic Deterioration

According to the latest BofA fund manager survey, the likelihood of a US recession is back on the rise for the first time since November 2022, with 42% of fund managers surveyed seeing a recession happening within the next 12 months, up from 24% in February. While fund managers aren't in universal agreement on a recession, they are almost in unison on the economy being stagnant over the next 12 months, with 80% of those surveyed expecting a stagflationary economy to persist.