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Anglo Overseas claims the worst of the economic crisis has passed

INVESTMENT trust Anglo Overseas Trust yesterday injected a note of optimism into the market as it claimed the economic recovery was already underway.<br /><br />The trust&rsquo;s net asset value per share rose 7.2 per cent to 92.35p over the three months to the end of April.<br /><br />&ldquo;The economic outlook appears more stable and it is probable that the worst of the financial crisis is now behind us,&rdquo; the company said in a statement, adding that investors were becoming increasingly willing to refinance troubled businesses.<br /><br />But it does not expect a rapid recovery, given the rising unemployment rate and the fact that many consumers remain &ldquo;under saved, under pensioned and over indebted&rdquo;.