This year the stock market witnessed the worst first-half performance in more than 50 years. Amid rising recession fears, Jim Reid, head of global fundamental credit strategy at Deutsche Bank, believes that the second half doesn’t look optimistic either.
Rob Subbaraman, the chief economist at Nomura, states that most of the world’s leading economies will fall into a recession within the next 12 months. The slump in the U.S. economy is expected to be mild but could stretch for a prolonged period.
