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Wednesday, May 18, 2005

Investor Poll: Gloomy Outlook for World Economy

Expectations of a global slowdown are increasing according to this poll of investment fund mangers:

Investors: World economy looks dreary, Reuters: Investors are becoming increasingly gloomy about prospects for the world economy… Merrill Lynch … said its May poll of fund managers showed the most negative growth expectations since 2001 and indicated that a dramatic reassessment of investment strategy and economic views was under way. ... changes in investor thinking in the two months since its March survey had been "truly breathtaking." … said David Bowers, Merrill's chief global strategist. "We are now starting to see people position themselves for global growth disappointment." The poll of some 339 managers across the world … showed a clear majority of 56 percent now expecting global growth to weaken slightly or a lot over the next 12 months. … Meanwhile, although most investors still expect inflation to be higher over the next year, there were also signs that these expectations are easing.

    Posted by on Wednesday, May 18, 2005 at 01:21 AM in Economics | Permalink  TrackBack (0)  Comments (0)

          

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