The economic recovery will be weak as consumption slows down, capping the growth in corporate earni...
The economic recovery will be weak as consumption slows down, capping the growth in corporate earnings, according to Credit Suisse UK manager Bill Mott. 'Global growth will be very anaemic because both American and British consumers have overspent and undersaved,' he said. 'Their rate of consumption will have to decline. That means earnings growth will be pretty weak and growth companies are overpriced.' While the past few months have been a difficult ride for equity investors, Mott believes the market weakness has provided him with ample choice of value stocks. He said: 'Shares...
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