GLOBAL FINANCIAL CRISIS: Bank of America issues TERRIFYING worldwide recession warning
THE world economy is set for another devastating financial crisis next year – and markets are unprepared – a top banker has warned.
By LANA CLEMENTS
Express.co.uk
Mon, Oct 10, 2016
Based on key indicators that have predicted previous recessions, the US will face a downturn next year, according to Bank of America-Merrill Lynch’s head of US equity and quantitative strategy Savita Subramanian.
If the world’s largest economy runs into trouble the rest of the globe would be dragged down as well, she said.
Worryingly, central bankers in major developed countries appear to have used almost all of the tools at their disposal in a desperate bid to try to kick-start growth.
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