BLI’s Wagner: Recession still possible despite optimism
Amid widespread cautionary optimism, some economists say the global economy is still at risk of a recession, and that we may not be out of the inflationary woods quite yet. Guy Wagner, chief investment officer at Banque de Luxembourg Investments, or BLI, lays out the bear case.
“The fact that up to now the recession has not yet happened does not mean that it will certainly never happen,” said Wagner at a press event in Luxembourg last week. BLI manages assets worth about 15 billion euro.