Loan investors forecast spiking defaults and wider spreads
![London, UK. 6th Oct, 2022. City workers pass The Bank of England which is wrestling with the market turmoil created by the budget event of Liz Truss and her team. Credit: Guy Bell/Alamy Live News](https://assets.euromoneydigital.com/dims4/default/082ec60/2147483647/strip/true/crop/5000x3326+0+0/resize/840x559!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F13%2F87%2F7fb2a7e94c7bafe43a9816ee6f18%2F2k56y7p.jpg)
Portfolio managers expect Europe to be the sick man of 2023
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