At the CFA Society Toronto’s 2017 Annual Investment Dinner held recently in Toronto, attendees and members of the financial industry provided the following predictions for 2018, using audience response devices:
Economic growth in the United States and Canada over the next decade will be:
| 3%, no sweat | 8.3% |
| We can do a bit better than 2% | 41.86% |
| Stuck at 2% | 25.57% |
| Below 2% | 20.20% |
| No idea | 4.07% |
Global stock markets are:
| Always rational and correctly valued | 7.12% |
| A real bargain right now – buy! | 11.65% |
| Overvalued – sell! | 53.56% |
| No idea | 27.67% |
When will the next downturn be?
| 2018 | 17.42% |
| Within 3 years | 56.26% |
| Within 5 years | 21.96% |
| Not for at least a decade | 4.36% |
Ayo Mseka
Editor-in-Chief