Corporate debts continue to constrain growth levels

Demographics and debt will constrain growth in the UK market, according to Edward Bonham Carter, chi...

Demographics and debt will constrain growth in the UK market, according to Edward Bonham Carter, chief investment officer at Jupiter. Bonham Carter says the UK is now in a world of low numbers, both nominal and real. Looking ahead, he believes growth potential will be constrained by demographics and pricing power will be hampered by increased global competition. He says debt creation has been growing inexorably and at some point in this low inflationary environment, it will have to be repaid, which will put a brake on growth. On a more positive note, Bonham Carter points out some 4...