© Reuters. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/File Photo
LONDON (Reuters) – Global growth optimism hit an all-time low while concerns the global economy is heading into a stagflationary scenario rose to its highest levels since August 2008, according to a monthly fund manager survey by BoFA Securities.
Though cash levels eased to 5.5% in the April edition of the survey from 5.9% in the previous month, prospects of a global recession remain the top “tail risk” for global markets. The Russia-Ukraine conflict has receded to a fourth place.
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