M&A activity contributes to US recovery

The US is on the road to recovery with a positive business sentiment, improving corporate profits and an export market that is expected to pick up. Tax cuts will be beneficial for consumer spending and the only concern is that the currency markets remain volatile, and the dollar drop further. Andrew Milligan, head of global strategy at Standard Life, says the International Monetary Fund forecasts the US is set to have the best recovery money can buy. The Federal Reserve has been cutting interest rates and taxes to help encourage growth. Standard Life is forecasting GDP to be a...