The US economy will pull out of recession next year after pressing the 'fiscal and monetary accelera...
The US economy will pull out of recession next year after pressing the 'fiscal and monetary accelerator', according to Frederic de Morode, investment director at Fidelity. 'US economic indicators at the beginning of December pointed to solid consumer spending, stabilising manufacturing orders and a surprise bounce in orders for the services sector,' he said. 'The bears are still prowling in the shape of negative US GDP and continuing concerns over corporate earnings, but the trend is up for global equities.' The thinking at Crédit Suisse is similar, where predictions are an end to re...
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