Global fund managers brace for US economic slowdown
Merrill Lynch reveals the results of its latest survey of global fund manager sentiment and forecasts. The US slowdown occupies their thoughts.
Global fund managers believe that the risk of a US recession has doubled since December 2000, but do not see the US equity market as overvalued. Therefore, a record number of fund managers in the US plan to buy domestic equities, revealed a Merrill Lynch survey of fund managers around the world in March 2001. Most fund managers also expect GDP growth to follow a more gradual "U" shaped recovery, instead of a swift "V" shaped recovery, with the upward turn beginning in 2002. While dome…
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