Bank of America: Fund managers’ confidence in the economy reaches a four-year high

Glonghui July 15 | According to Bank of America’s Global Fund Manager Survey, fund managers’ confidence in the global economy is at a four-year high, although nearly half expect stagflation. Despite concerns about artificial intelligence, 41% of fund managers believe the global economy will prosper over the next 12 months, the highest level since February 2022. Nevertheless, 47% of fund managers anticipate stagflation during this period, meaning economic growth slows to below historical trends while inflation remains high.