UK equities have been in the headlines recently, creating a fair bit of noise. On the one hand, the FTSE 100 hit a record high this week. On the other hand, UK equity funds are in continual outflows as the region remains unfashionable with investors.
As far as the UK economy is concerned, the picture is mixed too. Economic growth has proved more resilient than expected so far this year, after the UK dipped into a mild recession in the final three months of 2023.
However, newly revised forecasts from the International Monetary Fund (IMF) suggest UK GDP will grow by a measly 0.5% in 2024 as a whole, compared to global growth of 3.2%. If these forecasts materialise, UK growth will be the second-slowest in the G7 after Germany in 2024.
