The UK economy will avoid a double dip recession but a new round of quantitative easing could be on the cards, according to fund managers.
A Skandia Investment Group (SIG) survey polling ten leading UK equity managers including Schroders' Richard Buxton and AXA Framlington's Nigel Thomas reveals a united belief the country will not fall back into recession - although growth will be slow or non-existent. The fact the UK economy will "bump along" in a slow or no-growth environment could jeopardise the coalition government's recovery plan and perhaps necessitate further quantitative easing next year. "We do not expect the UK to fall back into recession over the next few months," said Colin McLean at SVM. "QE should keep ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes