Survey Shows Global Economy Weakening
According to reports from MarketWatch, an estimated 60 percent of industrial investors see the global economy weakening over the next year. Fund managers blame rising energy prices and a lagged effect from higher interest rates.
The survey of 213 global fund managers, conducted by Merrill Lynch, showed that, "although growth's expected to slow, the percentage of respondents saying that they believe a recession will occur over the next year has remained fairly constant at about 6 percent."
Roughly 44 percent of fund managers also expect profits to deteriorate over the coming year, with two-thirds of managers believing that it is unlikely that corporations will produce double-digit earnings growth in the period.
To read additional statistics from this survey, click here.
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