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Not a very happy new year

While the start of the new year has not been a particularly happy period, we think that concerns related to growth in China and subsequent market turmoil have been overdone.

This turmoil would appear to add to the challenges being faced by the UK economy this year. However, we believe it is well placed to weather the storm and some recent market movements will actually be beneficial. Accordingly, we expect GDP growth in 2016 will be similar to 2015.

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