BoA Clients: “We Give Up On Europe”

Rupert Hargreaves

Published onOctober 24, 2018

Updated on October 24, 2018

Ethan Harris, global economist at Bank of America Merrill Lynch, is giving up on Europe.

In the bank’s latest global macroeconomic forecasts update, Harris and the rest of the economics team at BoA state that they are downgrading forecast for the Euro area on the back of weak data and the “laundry list of risks” facing the region.

Q3 hedge fund letters, conference, scoops etc

Growth downgrade

Bank of America’s economists are now expecting GDP growth of just 1.8% in 2018 and 1.5% in 2019, down 20 basis points for each year. Wall Street consensus is projecting an increase of 2.1% for 2018 and 1.8% for 2019.

Harris and the bank’s...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

BoA Clients: “We Give Up On Europe”

Growth downgrade

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