According to the results of a recent survey of nearly 1,000 investors conducted by Barclays Capital, "two thirds of investors think that Europe could slump into a recession in 2012 without either the U.S. or China accompanying it." Only 3.0% of those surveyed think the U.S. or China could slide into recession without Europe, "evidence that the majority of investors view recession fears in 2012 to be connected to Europe."
Most of the pessimism about Europe stems from concerns about the euro area sovereign-debt crisis, with concerns about elections and politics in advanced economies marking the second largest area of concern the survey shows. Barclays says "almost 50% of respondents expect at least one country to leave the euro area in 2012, with 35% of investors expecting the breakup to be limited to Greece only, and 1 in 20 expecting all five "peripheral" economies to exit next year."
Most of the pessimism about Europe stems from concerns about the euro area sovereign-debt crisis, with concerns about elections and politics in advanced economies marking the second largest area of concern the survey shows. Barclays says "almost 50% of respondents expect at least one country to leave the euro area in 2012, with 35% of investors expecting the breakup to be limited to Greece only, and 1 in 20 expecting all five "peripheral" economies to exit next year."
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