Since his election victory in early November Barack Obama has put the tools in place to oversee a new period of economic growth in the US, leading investment houses say.
Analysts at JPMorgan Asset Management (JPMAM), Aviva and Threadneedle say the new President, whi was this afternoon sworn into the Oval office, could be the man to kick-start an economy battered and bruised by the global credit crunch. The latest figures from the US show car sales have fallen to 22.4% below last year's level, unemployment is up 7.2% to a 16-year high, and new home sales in November slumped to their lowest for 17 years. Tom Elliott, global strategist at JPMAM, says Obama's inauguration could be "just the catalyst" the country needs. "A change in leadership from the Bus...
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