UK economy is 'not out of the woods' yet

By JOhn Smelt, UK portfolio manager at Aegon Asset Management The UK may have weathered the worst of the global downturn to emerge as the leading G7 economy, but we are not out of the woods yet and investors need to keep their optimism in check as they prepare for another white-knuckle ride on the equity markets. It could be argued that the UK is not so much the best performer as the least bad of the major global economies. What is more, having proved itself less volatile than other economies during the slowdown, the UK is likely to recover less strongly during 2002 and may not p...