Global Recession Risk Probability (Patreon)

It is becoming increasingly clear why asset prices are recovering. A recent quarterly survey by Absolute Strategy Research of 242 asset managers managing $6.6 trillion found that the perceived probability of a global recession within the next 12 months has fallen steadily for the sixth consecutive quarter. 

While most respondents still expect a recession ie 56%, the proportion has declined. There is still no great optimism about the economy, but many are surprised that a downturn has not already occurred. 

This uncertainty is helping to support risk assets.