BoA: The Worst Outlook For Earnings Since 2008

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BoA: The Worst Outlook For Earnings Since 2008

Institutional investors are forecasting the worst outlook for earnings and GDP growth since the financial crisis, that’s according to the latest issue of Bank of America Merrill Lynch’s Global Fund Manager Survey.

A total of 177 institutional investors managing a combined total of $494 billion in assets responded to the survey between January 4th and January 10th. According to the responses, 60% of these investors expect global growth to weaken over the next 12 months, “the worst outlook on the global economy since July 2008, and now below the trough in January 2001,” the report notes.