Items Tagged with 'BofA Merrill Lynch'


  • Double-Dip Recovery Threat Lingers, But to What Extent?

    Investor cash positions are at the lowest level since January 2004 as optimism on the prospect for economic recovery continues to mount, according to a survey of fund managers in a Bank of America Merrill Lynch global research report. While 65% of respondents believe a global recession is unlikely in the next 12 months, an increase from 47% a month ago, others warn the threat of a double-dip recession still looms.
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  • BofA Sees Residential Investments Feeding Greener Shoots

    Economic growth in the second half of the year is expected to come in "substantially" above previous consensus, according to economic commentary this week from Bank of America/Merril Lynch analysts. Lori Helwing, an economist at BofA/Merrill Lynch, says the analysts there now expect a 2.1% slip in real gross domestic product (GDP) in 2009, 30 bps improved from the old -2.4% estimate. The US economics team also expects 2.6% growth in real GDP in 2010, up significantly from the old 1.8% estimate. The revised projections come as the analysts see residential investment starting to bounce back.
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