Economics
World Slump Seen Triggered by European Breakdown in Global Poll
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International investors expect the world economy to relapse into a recession, with more than one in three forecasting a global economic meltdown within the next year, according to a Bloomberg poll.
About two-thirds of those surveyed say the international economy is deteriorating, up from just 18 percent who felt that way in the last poll, in May. The increased gloom is centered on the 17 countries that share the euro currency: Almost nine in 10 say the euro zone economy is worsening, according to the quarterly Bloomberg Global Poll conducted Sept. 26 of 1,031 investors, analysts and traders who are Bloomberg subscribers.