New York – RESULTS poll conducted by the Industry and Financial Markets Association of the United States on Wednesday (11 / 1) local time to mention that the Bankers are pessimistic about U.S. economic growth.
Most U.S. banks have lowered their projections of U.S. economic growth. The conclusion was drawn following the still high concerns over European debt crisis, oil price volatility and policy uncertainty.
Top banks such as Morgan Stanley U.S., Wells Fargo Securities, and CitiGroup projected U.S. economic growth by 2.2 percent figure.
Target was down compared to previous estimates, amounting to 3.1 percent. The banker reasoned economy and U.S. financial markets are still exposed to potential systemic impact of European debt crisis.
Then, the banker is also disappointed with the U.S. fiscal policy that is still confusing as well as the inability of policy makers in making the budget so that the worsening U.S. economic situation.