Better prospects for global markets

By Raj Hallen, investment manager pooled funds at Premier Fund Managers After stalling in January and falling through much of February, global markets have staged a comeback over the past few weeks, driven primarily by news from across the Atlantic. The slowdown in the US last year brought with it corporate disappointments and higher unemployment. However, the US recession appears not to be happening after all ' the technical definition of a recession, two consecutive quarters of economic decline, has not occurred, with GDP figures for the fourth quarter of 2001 confirming economic...