A Bank of America report revealed that investors are currently focusing Maintaining liquidity More than ever since April 2020, with growing fears of a possible economic recession following the rise in US interest rates
The bank noted that cash funds received nearly $ 89 billion in cash in the week ending October 5, while investors withdrew $ 3.3 billion from global equity funds.
The report showed that more than $ 18 billion came out of bond funds over the same period.
Global CEOs had predicted a recession in the next 12 months, according to a new survey by professional services firm KPMG, which showed that more than half of business leaders surveyed expected the slowdown would be “mild and brief”.
However, most of the 1,300 CEOs surveyed between July and August warned that mounting turmoil – such as a recession – could make it difficult for their businesses to recover from the pandemic, according to CNBC.net.
However, the CEOs expressed more optimism than at the start of the year and said there will be growth prospects over the next three years.
