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W-shaped recovery expected in 2010 says IFAs

By Lora Coventry
Thursday March 18, 2010 at 02:30

The study says 25 per cent of IFAs expect wide fluctuations in stock market prices, with a further 24 per cent expecting equity prices to stagnate, hovering between 5,000 - 5,500 points throughout this year.

While the majority of IFAs seem pessimistic about strong stock market growth, around one in five (22 per cent) take a more optimistic view, believing the FTSE index of leading shares will rise to between 6,000 - 7,000 points by the end of 2010.

Just four per cent of IFAs expect to see equity values fall in 2010.

The findings highlight ongoing caution regarding the UK's economic recovery, with official figures released in January showing 0.1 per cent GDP growth in the fourth-quarter.


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