Economics
Wall Street’s New Concern Is That Economic Growth Has Peaked
- Covid spread and price pressures are putting investors on edge
- Strategists raise possibility growth estimates look too rosy
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Investment strategists are starting to consider a new bearish scenario: the economy has already hit its speed limit.
With the ferocious spread of Covid-19’s delta variant and central banks already talking about tighter monetary policy to bring inflation under control, there’s a sense of worry that financial markets have become too optimistic.