Global investors gloomiest since 2008
Global investors are their gloomiest since the financial crisis, according to a new survey from Bank of America Merrill Lynch.
BAML’s monthly check on investor sentiment shows that 53% expect global growth to weaken over the next 12 months.
That’s the worst outlook for the global economy since October 2008 (when the wheels were coming off the financial system).
The survey shows that investors have been piling into the US dollar, and into bonds, rather than crowding into tech stocks.