Global Investors Wary About Growth
April 19, 2019
A recent survey of global fund managers found a mix of optimism and pessimism. In the survey, conducted by Bank of America Merrill Lynch, two-thirds of fund managers expect below-trend economic growth. This is the highest percentage of managers feeling this way since 2016.
The good news is that, while they expect slow growth, they do not see a recession on the horizon. Seventy percent feel that we will not enter a recession until the second half of 2020 or later.
The managers expressed concerns about slow European and Chinese growth, as well as the ongoing trade war, and favor big-cap U.S. stocks.