View L&G's 2009 forecast on IFAonline

The group also believes world growth is likely to be weaker next year than in 1982 and says it can't anticipate a recovery in developed economies until bank lending conditions improve. Drayson points to a sharp slowdown in emerging economy growth but predicts a 'stuttering recovery' for credit. To view L&G's forecast for the economy and the major asset classes including equities, bonds and property in 2009 click here. IFAonline