Eurozone Return To Crisis Is Biggest Risk To Global Economy: Fitch Poll

MarketWatch Pulse

A renewed eurozone crisis poses the biggest risk to the global economy, according to a Fitch Ratings poll at its March sovereign credit briefing in Hong Kong and Singapore. The report, which was released on Monday, showed that 41% of the respondents in Hong Kong and 45% in Singapore pointed to fresh eurozone instability as the most likely thing to derail the global economic recovery. That's in sharp contrast to the survey results from last year, when most attendees were worried about Fed tapering and vulnerability in emerging markets. The poll comes as Greece is struggling to agree on a reform program with its international lenders, which is a prerequisite for releasing the next tranche of bailout money. The impasse has put the risk of Greece leaving the eurozone back on the table, although most economists consider such a scenario relatively unlikely.

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