Wall Street's top strategists continue to unveil their predictions for 2012. Goldman's Jim O'Neill offered his predictions earlier this month, Seabreeze Partners' Doug Kass published his predictions earlier this week, and Blackstone's Byron Wien is most likely to produce his list some time next week.
BlackRock's Chief Equity Strategist published his 10 Predictions for 2012 today.
Click Here For Bob Doll's 10 Predctions >
From his note:
In summary, 2012 is likely to feature a slow-growth world that includes a recession in Europe. The United States faces headwinds, but manages to achieve growth of between 2% and 2.5%. China and India slow somewhat, but, along with the United States, make up two-thirds of global GDP growth. The big risk remains that of a financial breakdown in Europe, which would tip the developed world, if not the emerging world, into recession. Inflation should also continue to move lower. Should the muddle-through environment come to pass, we believe earnings and some improvement in confidence would allow equity markets to move higher, with US stocks leading the way.
Europe contracts, but the crisis recedes
"The European debt crisis begins to ease, even as Europe experiences a recession"
Source: BlackRock
US economy grows slowly
"The US economy continues to muddle through yet again "
Source: BlackRock
China and India lead global growth
"Despite slowing growth, China and India contribute more than half of the world’s economic growth"
Source: BlackRock
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See Also:
- BARRY RITHOLTZ: 10 Forecasts As To What The Forecasters Will Be Forecasting
- Blackstone's Byron Wien Predicted 10 Surprises For 2011, Here's How He Did
- Global Markets Are Mixed On The Last Trading Day Of The Year