Peak growth has likely passed warns Bank of America

Risk assets have already recovered faster than in previous recoveries

The first year after the pandemic has outpaced most other recoveries of the past 50 years, according to the Bank of America’s asset allocation analysts, and risk assets have already recovered in one year what it has taken two years in previous recoveries.

It comes as the analysts warned that peak growth may have already passed, following an astonishing recovery from the Covid-19 pandemic. They said: "We note that outside of the periods following 1980...