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David Miller, partner, Cheviot Asset Management

European recession has already been priced in by the Markets


David Miller (pictured), Partner at Cheviot Asset Management, has this afternoon Commented on the OECD’s report which has slashed global growth rates and said that Britain may slip into a modest recession, David Miller, partner at Cheviot Asset Management, says that a European recession “is already in the Market price”…

“Right now the Markets are more concerned about a solution to the debt problem than the findings of the OECD report. In fact the OECD’s Eurozone predictions actually bring it more in line with what the market consensus already is.

The US is showing signs that it is continuing to grow albeit at a relatively slow place. I’d be surprised to see it gripped by recession next year.

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