Investment professionals have to be honest about what they do not know regarding the possibility of a global recession, according to Miton multi-asset manager David Jane.
Speaking to New Model Adviser® about speculation regarding a global downturn, Jane said outcomes beyond a six-to-nine-month period were 'guesswork'.
'In all honesty, the thesis that there's going to be a recession in 18 months' time has been pretty much consensus now for six or seven years,' he said.
'We have to be honest about this; we really don't know.'
In the video above, Jane also reflects on the woes of European countries like Italy and Greeve, and adds the instability of EU member nations is a can that has been repeatedly kicked down the road.
Jane manages Miton's multi-asset fund range. You can view his fund manager factsheet here.