Posted AT 6:27 PM EDT on 17/05/05
Fund managers turn negative
Global Fund managers have abruptly turned negative on prospects for economic growth and corporate profits, according to a poll by Merrill Lynch.
The survey, conducted early in May, found that fund managers now believe the economy is at the tail end of its latest expansion cycle and expectations for economic growth are at their lowest since the time that the terrorist attacks devastated the U.S. at the end of 2001.
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