Woodford sees greater volatility, vulnerability for 2007

This year will be a period of greater volatility and vulnerability, according to Neil Woodford, head...

This year will be a period of greater volatility and vulnerability, according to Neil Woodford, head of UK equities at Invesco Perpetual. Woodford remains cautious on the outlook for UK and US economic growth, particularly with respect to the consumer economy. However, the UK economy has been more resilient and consumers have been prepared to take on more debt than he thought was likely, particularly in the face of rising interest rates. “I believe we are now witnessing tangible evidence of the start of a period of slower economic growth, as well as a consumer correction, which is bes...