Wild markets here to stay: US$1.4t investor
Capital Group sees higher risk of US recession, rates below zero and deflation posing "real threat" in Japan and Europe
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STRAP in for more volatility in markets as the global economy slows and central banks dabble in the dangerous world of negative interest rates, says US$1.4 trillion money manager Capital Group Cos.
Turbulence will probably persist as rates below zero and deflation pose a "real threat" in Japan and Europe, Capital Group wrote in a note to clients this week.
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