UK enters reflation stage of economic cycle, says Fidelity

The UK has entered the reflation phase of the economic cycle, according to Fidelity's Trevor Greetha...

The UK has entered the reflation phase of the economic cycle, according to Fidelity’s Trevor Greetham. The asset allocation director said off the back of the collective interest rate cuts this week, weak GDP growth and falling inflation puts us in a position of banking stress leading to economic weakness. He said: “There’s an old adage that says the markets can stop panicking when the authorities start panicking. Having been stuck in stagflation since December 2007, our Investment Clock model has moved into Reflation this month as falling inflation pressures and a realisation that banki...