By Shamik Dhar, European strategist at Morley Fund Management The short-term outlook for Europe ...
By Shamik Dhar, European strategist at Morley Fund Management The short-term outlook for Europe highlights the recovery in global industry, which should mean a recovery in demand for European exports and an expected recovery of investment in the second half of 2002. Europe has not experienced the over-investment the US has, so it has more room for expansion as the economy is running under its potential capacity. Unlike the UK, European consumption fell last year due to rising inflation but, as inflation currently poses little threat, consumerism should flourish. The effect of this...
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