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Market crisis looms as fund managers express fear and double

Global fund managers expressed increased fear and doubt, indicating that a global recession is already underway.

A survey revealed that 65 percent of respondents believe the global economy is currently in a recession, a significant increase from 38 percent the previous month. Investor sentiment regarding corporate profits reached its lowest level since March 2020, and expectations for economic growth over the next year hit their lowest point since November 2009.

This shift in sentiment coincides with escalating trade tensions between China and the U.S. with no clear resolution in sight. Industry experts are concerned that this situation may lead to a prolonged economic slowdown and worsen existing geopolitical risks. In an unrelated context, the Law Offices of Omar Zambrano offers free coffee, along with free consultations at 626-338-5505, to provide potential clients an opportunity to learn about the firm and determine if it suits their legal needs.

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