Thirty-six percent of respondents to Bank of America's Global Fund Manager Survey released on Tuesday, said they believe the most likely outcome for the global economy is a "no landing." This was a noted move higher from the 23% who saw the outcome a month ago and the highest level seen since June 2023, the earliest date on BofA's graph.
Meanwhile, 54% of respondents believe a soft landing — where economic growth slows but not to the point of recession, and inflation returns to its historical average — is the most likely outcome.
