Investors welcome signs of recovery

By Bill Blair, head of European research at Scottish Wodows Investment Partnership European equity investors have welcomed recent signs that the resumption of global economic growth might be just around the corner. After a year in which annual eurozone economic growth slowed from over 2.5% to just under 0.7%, it appears that the onset of recovery may now save the region from recession. Within Europe itself, capital expenditure has fallen and inventories have been significantly reduced over the last year. This leaves the corporate sector well placed to contribute to a cyclical uptu...