EU expansion will boost growth, says Currington

HSBC European fund manager Jeff Currington sees the addition of a further 10 countries into the EU next May as having a positive impact on the region. Currington said the accession of countries from the Baltic, central and eastern European regions will boost growth and inflation in the EU as a whole, giving him confidence Europe will not follow the Japan path. The impact on the EU of these countries' inclusion will be a 20% rise in the population, a reduction in the average age and a more skilled and flexible workforce, he said. While Currington anticipated their introduction will only ...