LONDON (Reuters) – Global growth optimism hit an all-time low while concerns the global economy is heading into a stagflationary scenario rose to its highest levels since August 2008, according to a monthly fund manager survey by BoFA Securities.
Though cash levels eased to 5.5% in the April edition of the survey from 5.9% in the previous month, prospects of a global recession remain the top “tail risk” for global markets. The Russia-Ukraine conflict has receded to a fourth place.
(Reporting by Saikat Chatterjee, editing by Samuel Indyk)
