Turkey of the week: vulnerable stock in an uncertain world
The IMF recently slashed its 2008 global growth forecast to 3.7% (versus 4.9% in 2007), with the US economy stalling at 0.5%. This should end the myth that emerging nations have “decoupled” from the developed world. That’s bad news for overvalued stocks reliant on unsustainable growth in the developing world.
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"I started with £3,000 and have doubled it to date, using a combination of tips in the 'at a glance' section." Fred McKenzie
"If you are a serious investor, you should be reading MoneyWeek." Rupert Foster, Chief Executive, FM Capital Management
"I bought into four European emerging markets funds following general info from your magazine, and so far I have achieved 25% gains." K Murphy, London
"Money Week encouraged me to go 100% oil, and I have gone £38K to £62K in a year." Garry Morrow, N Ireland
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