Further fall in global economy expected

INTERNATIONAL investors foresee a “significant” slowdown in the global economy over the next year, but do not feel the world is headed for another recession, according to a report.

A survey of international fund managers, undertaken by Bank of America- Merrill Lynch, found that 13% of respondents think the global economy is heading for a period of weaker growth.

While this compares negatively with an earlier edition of the poll showing a 19% confidence level in the economy improving, 42% of investors still felt a global recession is “unlikely” over the next year.