That is perhaps the most striking takeaway from Bank of America’s monthly survey of global fund managers. Just 17% expect a V-shaped recovery for the economy. The plurality, some 37%, now expect a W shape, also known as a double dip. That is up from 30% in the prior month’s survey. And 31% now expect a recovery that resembles a U.

Source: Wall Street Journal August 19, 2020 14:03 UTC