Not all bad

DESPITE the deteriorating economic outlook, South African fund managers are not expecting a recession, a Merrill Lynch Fund Survey for the country has found. The majority of managers also expect inflation to lower in 12-months, but with less conviction. A net 50percent of managers, however, think that the country's economic situation will worsen over the next 12 months. This is little changed from last month when 53percent of managers were of this opinion. - I-Net Bridge

DESPITE the deteriorating economic outlook, South African fund managers are not expecting a recession, a Merrill Lynch Fund Survey for the country has found. The majority of managers also expect inflation to lower in 12-months, but with less conviction. A net 50percent of managers, however, think that the country's economic situation will worsen over the next 12 months. This is little changed from last month when 53percent of managers were of this opinion. - I-Net Bridge

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