Slowdown fears are overdone

Tom Carroll, manager of the Schroder UK Select Growth fund tells MoneyWeek where he’d put his money now.

Tom Carroll, manager of the Schroder UK Select Growth fund tells MoneyWeek where he'd put his money now.

Investors are worried about a global economic slowdown in 2005. I believe these concerns are overdone. I agree that growth will slow from the current high rate, but only to more normal' levels. But whatever the economic backdrop, there are opportunities for companies involved in longer-term secular or structural trends because demographic, industrial, technological and regulatory changes are separate from the shorter-term economic cycle. The best firms operating in these areas will be able to deliver growth ahead of the average.

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