11th May 2022

The good, bad and the ugly – how concerned are we about the economic outlook?

War is raging in Ukraine. The yield curve has briefly inverted. The Bank of America Merrill Lynch (BoAML) fund manager survey shows investors hold the most pessimistic economic view since 2008. Inflation is running at 8.5% in the US. The cost-of-living crisis is just starting, and the list goes on.