With concerns rising that the economic recovery is losing momentum, we look at three of the best safe stocks to buy now.
economy in 2021 to 6% from the 6.9% it had estimated in the spring and trimmed its forecast for global economic growth to 5.7% from 5.8% previously.Īt the same time, other influential institutions ranging from the International Monetary Fund to the European Central Bank continue to sound the alarm on issues likely to impact the global economy, from rising inflation and loose monetary stimulus to supply constraints and the ongoing shortage of semiconductors. The Organization for Economic Co-operation and Development (OECD) recently lowered its growth forecast for the U.S. but all over the world, leaving investors to start hunting for safe stocks to buy. Those concerns are not just being felt in the U.S.
There’s growing concern that the economic recovery could falter this winter if Covid-19 cases spike dramatically.
