Double-dip news – looking beyond the headlines
Wednesday’s announcement that the UK economy had slowed into a technical recession came as no surprise to some and was greeted with disbelief by others. The preliminary data will be revised twice in the coming weeks so the news should not yet perhaps be taken as read.
Market reaction was muted and appears to have instead focused on positive corporate results and more forward-looking indicators. Speculation ensued over the likelihood of further Quantitative Easing but the focus of investors should remain on the wider picture of a slowly-improving global economy and the backdrop of stronger corporate earnings.
Read more on the views of our fund managers on the implications for the UK economy and their portfolios.
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