Fund managers are increasingly pessimistic about global growth expectations, inflation is still a concern and only bullishness on Japan bucks the trend, according to Merrill Lynch?s latest research.
For the first time since 2001, more fund managers expect the global economy to weaken than to strengthen, finds Merrill?s global fund manager survey. ?The euphoria we saw at the beginning of the year about the world experiencing a synchronized cyclical recovery has disappeared,? says David Bowers, chief investment strategist at Merrill Lynch.
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