Lates News

A survey of global fund managers by Bank of America shows that in May, the perceived risk of global economic growth stagnation and rising inflation (i.e. "stagflation") has slightly eased. The survey shows that 81% of investors expect stagflation in the next 12 months. In contrast, the April survey results were at 90%, the highest level since November 2022. The latest survey also shows that 9% of people expect the economy to stagnate or grow and inflation to be below trend levels. About 3% of people expect both economic growth and inflation to be higher than trend levels, while 3% of people expect a situation where the economy grows strongly and inflation remains low.