andrew milligan says mixture of higher inventory levels, stronger high street sales and a lack of deflation will stop double-dip recession
Standard Life Investments is confident the world economy will not undergo a double-dip recession. Andrew Milligan, head of global strategy at the group, told Investment Week's Markets Forum in Edinburgh low interest rates mean stronger high street sales. He added: 'Companies are controlling their inventory levels. These were slashed in 2001, which is why we had a recession. 2002 was a year of growth and it is continuing to come through.' The group is also confident deflation is highly unlikely. Milligan said: 'Japan was inflexible in terms of politics, banking and restructuring, which...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes