After a promising first quarter, the economy has stalled souring even the most optimistic investment managers.
“I’m not really a gloomy guy. I’m optimistic by nature,” said Ed Keon, the managing director and a portfolio manager at Quantitative Management Associates, at Prudential’s 2012 Mid-Year Global Markets and Economic Outlook on Tuesday. At the beginning of the year, he had “good expectations” for the economy and the market with the “U.S. starting to show traction” and looking at a “decent chance” of 3% or higher GDP growth.
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