Aberdeen Asset Management predicts a U-shaped recovery for the US economy through the second half...
Aberdeen Asset Management predicts a U-shaped recovery for the US economy through the second half of 2001 and into 2002, contrary to Wall Street's forgettable performance in the last few days. Rupert Della Porta, head of US equities at Aberdeen says valuations, with P/Es at around 21 to 22 times, are at their most attractive levels for three years highlighting healthcare, financials and energy among his favourite sectors. Aberdeen says easing monetary policy and the fiscal stimulus of President Bush's tax reduction policy will assist the recovery. Aberdeen also concedes inflatio...
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