For 65% of Italian investors, geopolitical conflicts are the greatest risk in the next 12 months. A global recession (61%) and monetary policy errors (52%) rank second and third respectively as major risks. The survey was conducted by the independent research agency CoreData Research, which consulted 600 professional investors across Europe, ranging from wholesale financial consulting firms to wealth managers, to family offices. Respondents are responsible for approximately €710 billion of assets under management. The survey reveals that most Italian professional investors (69%) expect inflation to peak before December 2022. Of the 29% who believe that the peak will arrive in 2023, 23% believe it will be by March. 79% think it is possible that inflation across the European Union will peak at between 8 and 9.9%. In response, almost a third of Italian professional investors (31%) are convinced that the European Central Bank's interest rates will be 2.5% or higher in one year's time. The survey also reveals that in the last 12 months, over half (54%) of customers in Italy have reduced their risk appetite, although over a third (38%) still feel comfortable with the same level of risk.
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