Instability set to continue, warns Standard Life
INVESTORS have been warned to expect continuing instability in the markets by Standard Life Investments.
A report from the Edinburgh-based company warns of a "complex recession" in the coming year, adding: "Financial markets are likely to remain volatile while investors interpret a series of policy measures needed to offset a deep recession."
It also predicts that recovery in 2010 will be "muted".
Head of global strategy Andrew Milligan predicted that interest rates would stay close to zero throughout 2009 in the UK, US, Europe and Japan.
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