Europe shows signs of stabilisation

Professional Adviser
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Recent indicators point to signs of stabilisation of economic growth across the region, although so ...

Recent indicators point to signs of stabilisation of economic growth across the region, although so far inventory correction and government spending have shown stronger rebounds than industrial production and the all-important consumer. The breakdown of the IFO survey, which showed surprisingly strong February and March indications, based largely on future expectations, concurs with our view that sustainable growth may not be achieved until later in the year. The inflation outlook remains benign despite the blip earlier in the year caused primarily by food prices and re-pricing of som...

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