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Financial markets ‘starting to price in a possible recession’

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Kaspar Elmgreen, head of equities at Amundi, Europe’s largest wealth manager, says his company is seeing a sharp drop in consumer confidence in a number of countries

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

Kasper Elmgreen, head of equities at Amundi in Dublin, said financial markets are “very sensitive” at the moment as more and more economic challenges loom on the horizon.

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

He said there was…

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