Investors are more bullish on global growth prospects following Trump's victory, according to the latest Bank of America Global Fund Manager Survey.
Of the 22% of participants who responded to the survey after the election results were announced, 23% expect stronger global growth, compared to the full month's results of -4% and up from -10% in October. The percentage of fund managers expecting a stronger US economy was 28% among the post-election respondents, -15% for the full month of November and -22% in October. What is next for the US after Donald Trump's re-election? An acceleration in China's growth and US tax cuts were picked as the most bullish developments, while an unpredictable surge in bond yields and a global tra...
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