Even with a global recession looming, research analysts continue to issue far more "buy" than "sell" recommendations in the most important investment markets, according to research from Thomson Reuters StarMine.

The proportion of "sell" or "underperform" recommendations in developed Europe has jumped 5 percentage points to 18.2 per cent since December, but remains far smaller than the share of "buy" or "outperform" ratings, currently 52 per cent.