Top investment executives at T. Rowe Price Group Inc. have high expectations for the global economy in the second half of the year and 2022 as economies across the world continue to recover from the Covid-19 pandemic. Vaccine progress, pent-up consumer demand and continued stimulus “should help sustain above-average growth” well into next year, said Robert Sharps, president of T. Rowe Price and head of investment, in the Baltimore-based money manager’s annual mid-year market outlook report. T. Rowe Price manages $1.59 trillion in assets as of May 31.
T. Rowe Price exec expects ‘economic boom unlike anything we’ve seen in some time’
June 25, 2021