BlackRock vice chairman Bob Doll has tipped US GDP will fall by at least 5% on an annual rate in the...
BlackRock vice chairman Bob Doll has tipped US GDP will fall by at least 5% on an annual rate in the fourth quarter, following the near economic "freefall" experienced after September's Lehman Brothers collapse. Doll says last month's US unemployment report has confirmed the seriousness of the current downturn, with more jobs lost in a single month since 1974. However, Doll believes last week's late share rally has displayed encouraging signs the US markets are able overlook much of the negative data. He is sticking with the view stock markets are currently in a "bottoming process", fol...
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