Good signs for EU recovery

There are some growth prospects emerging in the pan-European markets. Areas that have been showing signs of improvement include economically sensitive sectors and companies that have a monopoly and have strong pricing power. According to Dominic Baker, fund manager on the pan-European desk at Threadneedle, the forecast for pan-Europe is relatively sanguine and he predicts a 2.25% GDP growth rate for the area. Nevertheless, he admits that, the markets have been volatile ever since the Madrid terrorist attacks. He warns that further attacks could push the market down lower, but feels ...