Investors Brace for Economic Growth Shock, BofA Survey Shows

Global investors grappling with the fallout from the Iran war have slashed their expectations for economic growth by the most in four years, according to the latest Bank of America Corp. survey of fund managers.

Expectations for inflation, meanwhile are at an almost five-year high, BofA strategists led by Michael Hartnett wrote in a note. Overall sentiment among investors is the most bearish since last June.