A survey conducted by asset management specialist Towry has shown that respondents are divided almost 50:50 in their confidence that the UK economy will grow in the second half of this year.
Over 240 visitors to the Towry website participated in the survey, responding to the question: Will the UK economy continue to grow for the remainder of 2011?
The responses produced the following results:
Yes: 52% (126 Votes)
No: 48% (117 Votes)
Towrys Insight team conducts regular surveys with clients and external groups as part of its Insight Agenda, designed to gauge consumer attitudes towards issues in the market and financial advice sector.
Dr Robert Dawkins, Chief Investment Officer at Towry, said: We see here a lack of consensus amongst respondents, yet we interpret the results as being relatively optimistic. With consumer spending falling, retailers predicting more gloom to come and the Bank of England talking about people facing uncomfortable years, we might expect there to be more pessimism amongst clients.
At Towry, were more encouraged by the short term investment environment than we were in January, as there is more scope for progress with uncertainty often leading to opportunity.
We will look to benefit from reaction amongst investors, and subsequent valuation opportunities across our diversified portfolios.
For further information contact:
Towry
