Financial markets ‘starting to price in potential recession’

Kaspar Elmgreen, head of equities at Amundi, Europe’s largest asset manager, says that his company is seeing a big fall in consumer confidence in a number of countries

Kaspar Elmgreen, head of equities at Amundi: ‘The idea of a recession has gone from being a very unlikely outcome to now being very likely’

Financial markets are beginning to price in the potential impact of an economic recession this year, the Irish head of Europe’s largest asset manager has said.

Kasper Elmgreen, head of equities at Amundi in Dublin, said financial markets are “very sensitive” right now due to the growing number of economic challenges on the horizon.

“Markets have not yet priced in a recession, but we’re getting there,” Elmgreen told the Business Post.

He said there were ...