Schroders says 30% chance of further recession next year

Schroders is seeing the first signs of a weak recovery but believes there could be 25%-30% chance of...

Schroders is seeing the first signs of a weak recovery but believes there could be 25%-30% chance of further recession next year. It says some of the confidence in the US shown by the Institute for Supply Management index reveals some marked signs of recovery but the group draws a distinction between an inventory recovery and a real balance sheet recovery for individuals. Group chief economist Keith Wade says the major economies are currently experiencing excess inventory from companies such as major car manufacturers, but adds for a real recovery to take place there needs to be an inc...