Are investors underestimating the UK's resilience?

UK growth may yet provide a positive surprise relative to developed market peers, according to analysts at Credit Suisse.

With the nation still mired in recession and the private sector in the middle of a multi-year deleveraging, confidence in the UK economy remains hard to come by. Gilt yields may be at record lows but a dismal debt profile does not inspire optimism. Credit Suisse's global equity strategy team propose an alternative view. Andrew Garthwaite and team suggested investors have not factored in the potential for the UK to deliver a positive growth surprise relative to other developed economies. The team said economic surprises in the UK are now more positive than in any other region, based on...