Investors queuing up for a dance with Prudence

Professional Adviser
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Despite encouraging signs that the slump is close to being turned around, investors are not taking any chances

This week, the phrase that pays is _looking through the recession'. Investors are still worried by the economic slump, but in the same way that they knew it had arrived before it was announced, they know it is leaving before it has left. Optimism, there is not. But there is much talk of Prudence, a dame once loved and left by the fickle Chancellor of the Exchequer. The current consensus is for UK economic growth to pick up again by the end of 2002. Scan the headlines of the financial press and words like _improved', _better', _up' and even, in a rare occurrence, _green shoots' are appea...

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