Financial professionals are optimistic about the global economy, just not as fervent about it as they were at the start of the year. That’s the message from the latest Bloomberg Markets Global Investor Poll, which shows concern about risks ranging from the turmoil in Ukraine to the threat of deflation in Europe.
Forty percent of respondents in the survey of Bloomberg customers say the global economy is improving, another 43 percent say it’s stable, and only 12 percent say it’s deteriorating. Still, the enthusiasm has cooled: 59 percent thought the economy was improving in the last edition of the poll, in January; that was the highest reading since the world emerged from recession in 2009.
“I wouldn’t say investors are nervous, but they’re skeptical,” says Jack Ablin, who helps manage $66 billion in assets as chief investment officer of BMO Private Bank in Chicago.