Comment: US recovery in second-half, 2002 says Schroder

Before the terrorist attacks in America, aggressive interest rate cuts by the Federal Reserve since the beginning of 2001 pointed to a modest recovery in the US economy early next year. The outlook for the US economy and stockmarket are now more uncertain. Ian Brady, Head of US Equities at Schroders offers the Schroders view on what to expect going forward. Many commentators believe the recovery in the US economy will now take longer than anticipated. We do believe that this will put it back a few months, but we still expect recovery in the first half of 2002. The US consumer has kept...