1025 GMT - Investors are less pessimistic about global growth in May, according to Bank of America's monthly global fund manager survey. A net 59% of investors expect weaker global growth, down from 82% in April. A net 1% say a recession is likely, a sharp drop from 42% saying so in April. The consensus among investors is now for a soft landing, where inflation falls without the economy meaningfully slowing or turning to recession. This month, 61% of investors expect this outcome, up from 37% in April. Expectations for a hard landing, where inflation slows amid a recession, have fallen to 26% from 49% in April, BofA says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 06:25 ET (10:25 GMT)
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