Schroders: US to rebound in 2009

Jones stressed that while the US is experiencing difficulties, the economy is not in imminent danger of collapse, though there are legitimate concerns, such as rising energy and food costs, falling home prices and a rise in unemployment. She said: "In combination with the credit crisis these factors led some commentators to state that a recession began during the fourth quarter. That has not happened. Recent data shows that the US economy grew in the first quarter. While it was only by 0.9pc, it was positive and contrary to expectations. "There is a slowdown in the US but the probabil...