But don’t write off the more international FTSE 100 blue chips
THE UK recovery has finally taken hold. But not only is growth returning, many are now more optimistic about our economic prospects compared to other advanced nations. Last week, the OECD revised down its 2013 global growth forecasts to 2.7 per cent from 3.1 per cent, while upgrading the UK to 1.4 per cent. In 2014, it expects the UK economy to accelerate to 2.4 per cent, outpacing
France (1 per cent), Germany (1.7 per cent), Japan (1.5 per cent), and the OECD average (2.3 per cent). Not just a boon for the chancellor at his Autumn Statement next week, this also means investors are starting to view the UK as a promising opportunity.
By: Annabel Palmer
