Aberdeen's Paul Atkinson urges investors not to write off the US just yet.
It is all too easy to write off the US economy, with unemployment dominating headlines. The recovery is the slowest of the post-war era, and long-term unemployment is at record levels. Yet the future may be brighter than the doubters believe. The slowness of the recovery means there is pent-up consumer demand, which is why we think we are on the cusp of a pick-up in economic activity rather than a double-dip recession. Like the V-shaped rebound in Japanese manufacturing, the ISM manufacturing index in the US is signalling this soft patch in the global economy will end, once global ...
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