Over Half of Asia-Pacific's Wealthy Fear Recession, Says Lombard Odier
A survey conducted by Swiss private bank Lombard Odier found that more than half of high-net-worth individuals in the Asia-Pacific region are most concerned about a potential economic recession over the next three years. Nearly 40% also fear an equity market correction or crash, highlighting growing unease amid global uncertainties such as rising energy prices and geopolitical tensions.
Topics: investor behavior recession concerns succession planning wealth management