Year of consolidation as economic recovery continues

The chief strategist and head of research at Brewin Dolphin spoke to pro.manchester members yesterday about economic recovery.

Respected forecaster Mike Lenhoff, who regularly appears in financial print and broadcast media, believes 2010 will be vital in terms of achieving sustainable expansion.

Speaking at a Midland Hotel lunch held for over 100 pro.manchester members, Lenhoff said: “There is a recovery underway but it is proceeding more slowly here than elsewhere.

“On the upside, it does look like the collective effort is working. The money markets are working. There has been some return to normalcy. 2010 will be a year of consolidation.”

Lenhoff also discussed the role overseas and emerging markets will play in the economic recovery.