Over half of fund managers expect global growth to weaken over the next year, according to the latest Bank of America Merrill Lynch (BofAML) survey, the worst outlook on the global economy since October 2008.
The survey of 243 participants with $694bn assets under management ran between 7-13 December and found 53% expect the growth to slow. However, just 9% predicted a global recession in 2019, down 2 percentage...
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