The euro exchange rate against the US dollar will fall to $0.90 in the next six months against the backdrop of the political crisis in Italy and the reduction in Russian gas supplies, 69% of MLIV Pulse poll participants believe.
In addition, only 16% of respondents believe that Europe will be able to avoid recession in the next six months, Bloomberg quoted the results of a survey of 792 respondents.
Political problems in the euro zone’s third-largest economy could also lead to a fragmentation of the bond market, investors say. Thus, 21% of respondents believe that the spread between the yields of 10-year government bonds in Italy and Germany may exceed 500 basis points, updating the maximum since 2012.
In general, 41% of participants in the survey, conducted among portfolio managers and private investors, expect the beginning of the debt crisis in the eurozone in the next six months.
