Global Economic Outlook Dims as Investors Shift Away from U.S. Stocks

According to BlockBeats, a survey conducted by Bank of America among global fund managers reveals that 82% of respondents anticipate a weakening global economy, marking the highest level in 30 years. Additionally, 42% of those surveyed believe there is a significant likelihood of an economic recession. The survey also indicates that a record number of global investors are planning to reduce their allocation to U.S. stocks. This shift reflects growing concerns about the economic outlook and potential market volatility.