Warnings about the increasing risk of recession in the US economy were made by leading asset managers. BlackRock And Amundi In their statements to the Financial Times, senior managers of large fund managers such as , emphasized that problems have begun in the labor market, especially in the USA.
of Amundi 2.1 trillion dollars investment manager who manages assets Vincent Mortier“According to our estimates, the probability of an economic recession in the USA is very high,” he said, adding that he expects the contraction to occur at the end of this year or the beginning of next year.
Rick Rieder, BlackRock’s Chief Investment Officer for Global Fixed Income, stated that he thinks the American economy has gotten worse in recent weeks and cannot avoid recession.
Executives at both companies are betting on U.S. government bonds because they believe the Fed may have completed its interest rate hikes and Treasuries could perform well during a period of economic weakness. Additionally, both companies predict that the dollar will lose value.
However, some of the other major players in the finance and economic community do not agree with BlackRock and Amundi. While Goldman Sachs revised down its expectations that a recession would begin in the United States within the next 12 months, Bank of America, in a survey conducted among global fund managers, found that nearly three-quarters of respondents expect either a soft landing or no downturn in the global economy. revealed.