Money managers are less confident in the near-term about U.S. economic growth and more concerned about an emerging markets economic slowdown, says Northern Trust’s quarterly investment manager report. Only 29 per cent of respondents expect the U.S. economy to grow over the next six months, the lowest reading in the last three years, and down from 54 per cent last quarter. Furthermore, only 25 per cent expect corporate revenue to accelerate over the next six months, down from 40 per cent in the second quarter. An emerging markets slowdown was the top concern for managers this quarter. Last quarter it ranked last among the eight possible risks to equity markets.
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