BNP Paribas fund arm braces for ‘mother of all recessions’

BNP Paribas chief: ‘It is time to be a bit prudent for the next few months’ BNP Paribas chief: ‘It is time to be a bit prudent for the next few months’ © Philippe Huguen/AFP

The chief executive of BNP Paribas Asset Management, one of Europe’s largest investment houses, has warned of the “mother of all recessions” as the fallout from the coronavirus pandemic hits economies around the world.