The UK is the second most likely major economy to face a debt crisis in the next two years, a fresh survey of financial professionals has found, as investors remain unconvinced by the country’s growth prospects and efforts to keep a lid on spending.
According to a Deutsche Bank poll released on Monday, France is the only major economy more likely to face a bond crisis before 2028, with the UK coming ahead of debt-riddled Japan and a United States currently running a $1.8 trillion deficit.
Over half of the study’s institutional investor respondents identified France as the most likely country to face a crisis-level bond sell-off. The country remains in the throes of a political impasse over its fiscal direction, which has seen three prime ministers resign after failing to push through a