Merrill Lynch’s ‘shocking’ forecast for the global economy [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Merrill Lynch’s ‘shocking’ forecast for the global economy A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web Merrill Lynch economist Ethan Harris’s forecast for global economic growth results in a “shocking conclusion,” “Leading indicators of [corporate capital investment] have been weakening for a year now, and in the fall U.S. indicators started to turn down as well… Another sign of trouble comes from our Global Fund Manager Survey. Investors have gotten increasingly pessimistic about growth ... This has triggered a rapid change in their advice on how companies should use their cash flow … Story continues below advertisement "A shocking conclusion: In the past year our biggest fear has been that policy shocks would undercut confidence and growth expectations, undercutting a potential capital spending recovery. The evidence is building that fear is reality. As the U.S. government shutdown, the trade war, Brexit and other policy uncertai
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