Europe Woes Seen Driving Economic Slump in Investor Poll
Sept. 29 (Bloomberg) — Global investors anticipate Europe’s debt crisis leading to an economic slump, a financial meltdown and social unrest in the next year with 72 percent predicting a country abandoning the euro as a shared currency within five years, a Bloomberg survey found. About three-quarters of those questioned this week said the euro-area economy will fall into recession during the next 12 months and 53 percent said turmoil will worsen in a banking sector laden with government bonds, according to the quarterly Global Poll of 1031 investors, analysts and traders who are Bloomberg subscribers. Dominic Chu reports on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)