The sun's out but dark clouds linger over the eurozone

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John Husselbee, CIO of North Investment Partners, reflects on the gloomy outlook for the global economy.

Meteorologists tell us the heavy rainfall in the UK in the past three months is due to being on the wrong side of the jet stream. This mysterious driver of our weather, which travels west to east, usually sits much further north during the summer months – thus pushing areas of low pressure northwards so we avoid the bad weather. Not this year. The period April to June has been the wettest on record. Our gardens are greener than usual for the time of year, but industries that rely on summer trading are suffering in economic conditions which are already challenging. Continued misery Desp...

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