In a piece for Citywire, 12 leading wealth managers were asked for their views on how they will be approaching 2012. On Europe, Turcan Connell's Chief Investment Officer, Haig Bathgate writes that he is"positive on the outlook... as we don't think it's going to fall to bits but clearly our attention is turning towards what's going to happen as austerity is implemented in a number of countries".
Haig's view on the UK is not quite as positive and he argues that inflation will remain a threat. He also notes that"... there's a high possibility that the UK will have negative growth in 2012. If you look at the UK's financial position it's pretty dire. Second largest deficit in Europe, it's got the second largest overall debt to GDP and for all the talk of austerity we actually increased public spending second only to Bulgaria over the last year."
To read the piece in full from Citywire's website, please click here.
This content was generated prior to Turcan Connell Asset Management Limited operating as Tcam.