JPMF outlook 2002

By Chris Tracey, investment director Global equities produced a negative return for the second successive calendar year in 2001. Of course, 2001 could have been a lot worse for investors if it wasn't for the strong rally on global stock markets from their September lows. The outlook for 2002 depends almost entirely on a recovery in the global economy, which in turn depends heavily on a recovery in the US. There are many reasons to be optimistic that a recovery will indeed take place, including the huge fall in G7 interest rates over the last twelve months, the massive fiscal stimu...