Keith Wade, chief economist at Schroders, Michael Karagianis, head of Global Strategy at Aberdeen Asset Management and John Hatherley, head of research at M&G, talk to Caroline Allen about what investors can expect in the year ahead
CA: Let's get a general outlook first. Markets have surged in the last few weeks, but is this the start of a sustainable rally for 2002 or another false dawn? Keith Wade (KW): It looks like the US is firming a little, but US economic data released in December, which showed renewed consumer spending, might be more of a correction to the downturn than the start of a prolonged rally. I am not entirely convinced we have got to the turning point. My concern is that we see a bit of a setback before a real recovery. The first quarter of 2002 may prove to be difficult. John Hatherley (JH): The ...
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