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Bank of America: Stagflation worries dominate
In the Bank of America Fund Manager Survey in August, 70% of investors expect stagflation (high inflation and weak growth) in the global economy over the next year, unchanged from July.
12% of investors (up from 10% of investors %)) believe the economy will stagnate, 7% of investors (down from 10% of investors (p1)) believe the economy will prosper, and 7% of investors (down from 10% of investors %)) believe the economy will experience "Goldilocks" growth.