weakened growth
Fund managers’ global outlook weakensPosted by RJ and Makay on May 25, 2011 |
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In the past two months, investors’ confidence in their outlook for global growth and corporate profits substantially slipped, according to a May Bank of America Merrill Lynch survey of global fund managers.
The proportion of respondents who believe the world economy would be strengthening in the next 12 months fell to a net 10%, down from 27% in April and 58% as recently as February. Only 9% of respondents are expecting corporate profits to improve in the coming year.
