IN­VEST­MENT BANK

Shares - - BIG NEWS -

Beren­berg’s lat­est poll of a col­lec­tion of an­a­lysts paints a neg­a­tive out­look, re­flect­ing the most bearish read­ing since the bro­ker started polling an­a­lysts in Au­gust 2015.

Beren­berg ex­pects a slow­down in global growth, flag­ging the ‘broad-based na­ture’ of it sug­gests more than just trade dis­putes at work.

In the data se­ries, 27% of an­a­lysts im­ply a pos­i­tive out­look for eco­nomic growth, down from 46% in Jan­uary.

And the num­ber of an­a­lysts that be­lieve growth is slow­ing has dou­bled from 24% to 49%.

Beren­berg an­a­lyst Nick An­der­son says there are sev­eral fac­tors that could be be­hind the slow­down, specif­i­cally a rapid re­ver­sal in mone­tary stim­u­lus in China and weaker US con­sumer data.

Look­ing at US con­sumer spend­ing data, An­der­son says fur­ni­ture sales, which in­di­cate eco­nomic fac­tors such as dis­pos­able in­come, con­fi­dence and credit avail­abil­ity, have re­cently soft­ened.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.