In an annual Global Survey of Investment and Economic Expectations, Towers Watson asks investment managers to share their views on economic trends that may have a significant impact on investment decisions.

Key findings from the 2013 survey results show:

  • Political deadlock in the U.S. is a primary concern and a shadow over near-term economic growth
  • In general, investment managers expect continued economic uncertainty, modest GDP growth and comparatively high unemployment – especially in the Eurozone
  • Managers tend to be bullish about emerging market equities, public equities and real estate while bearish about developed market government bonds and money markets

Towers Watson Investment Services’ base case is for “bumpy” or uneven economic growth as the leveraged U.S. and European economies continue to deleverage and reduce debt over time.