U.S. companies' profit growth forecasts for the next five years are still intact, according to Refinitiv data, suggesting that the impact inflicted on companies by the coronavirus pandemic is likely to be more fleeting than that in previous crises.
Five-year growth expectations fell over six percentage points between November 2018 and October 2019 on worries over U.S-China trade war. They declined about three percentage points between July 2008 and June 2009 during the global financial crisis. U.S shares have climbed over 40per cent since March-lows, largely on the back of massive fiscal and monetary stimulus.
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