What Is the Most Likely Outcome for the Global Economy in the Next 12 Months? A \”soft landing\” or \”no landing\” remains the most likely global outcome among FMS (Fund Manager Survey) investors. Image: BofA Global Fund Manager Survey
Global Economy – GDP Growth Projections Global growth is now projected at 3.0% in 2023 and 3.0% 2024. Image: International Monetary Fund
FMS Net % Expecting Stronger Economy vs. S&P 500 Growth expectations remain weak. Image: BofA Global Fund Manager Survey
FMS Investors – Net % Expecting Stronger Economy vs. MSCI ACWI Only 15% of FMS investors expect stronger economic growth. Image: BofA Global Fund Manager Survey
How FMS Investors Believe the Global Economy Trends Will Be in Next 12 Months Stagflation remains consensus among FMS investors. Image: BofA Global Fund Manager Survey
Countries by Share of the Global Economy The global economy exceeds $100 trillion for the first time. Image: Visual Capitalist
Net % of FMS Investors Expecting Stronger Economy FMS investors expect a weaker economy in the next 12 months. Are FMS economy expectations too pessimistic? Image: BofA Global Fund Manager Survey
Probabilities of the U.S. Economy Entering Recession in the Following Periods The probability of a U.S. recession in H1 2023 is rising. Image: Morgan Stanley
CEO Business Confidence Expectations for Economy CEO confidence continues to deteriorate. Image: Goldman Sachs Global Investment Research
Consumer Expectations – What Do You Expect of the U.S. Economy over the Next 12 Months? Most American consumers are not very optimistic about the U.S. economy over the next 12 months. Image: BofA Global Research