Nearly two thirds of advisers believe there will be a global recession before the end of 2023, according to the latest FTAdviser Talking Point poll.
Advisers were asked: how likely are we to enter into a global recession in 2023?
Almost two-thirds of those who responded - 64.8 per cent - said it was extremely likely or somewhat likely.
Just 6.53 per cent said it was unlikely, 16.1 per cent said it was somewhat unlikely, while 12.6 per cent said it was neither likely nor unlikely.
Looking at the impact of a recession on global equities, James Thompson, director at Becketts Financial Services, said he did not necessarily equate recession with poor global equity performance.
“Firstly, suppose we do suffer a global slowdown. In that case, it's unlikely that all economies will enter and exit recession simultaneously; therefore, good strategic and tactical fund management should be able to navigate through these waters,” Thompson added.
"Secondly, markets generally price recession before it becomes a reality. The point at which we enter a technical recession is likely to be accompanied by fiscal and monetary policy stimulus - which generally leads to a market rally."
