US leads recovery

The US will lead the global economy into a recovery in Q4 of this year, according to Credit Suisse First Boston, which has raised its 2002 US GDP forecasts to 3.4%. Fund managers are hoping that this economic recovery will encourage investment into funds, which had their largest outflow of assets since the 1987 stock market crash, according to Investment Company Institute data. Conversely, inflow into treasury funds was strong, almost reaching the level of the 1998 LTCM crisis. Global improvement comes from proactive monetary policy in combination with, in the US, positive fiscal policy...