Pru's Brookes plays down V-shaped recovery

Prudential's Martin Brookes is warning investors to avoid jumping to conclusions about the economic ...

Prudential's Martin Brookes is warning investors to avoid jumping to conclusions about the economic recovery. Prudential's director of portfolio management says the house view is the combination of rising unemployment and taxes, along with cuts to public spending and, consumer and corporate borrowing will restrict a recovery. "With continued high volatility in economic data it remains important that we continue to think about valuation in the context of our medium term equilibrium framework. This helps us avoid knee-jerk reactions which are often wrong," says Brookes. A V-shaped recov...