Consumer confidence is looking strong in Europe and tax reforms are set to increase competition. Jo...
Consumer confidence is looking strong in Europe and tax reforms are set to increase competition. John Surplice, European fund manager at Perpetual, says Europe is looking at a GDP of around 3.5% for 2000 and expectations for growth next year are below 3%. He says: "Consumer demand remains robust and the cutting of corporation tax in Germany, Italy and France has freed up the supply side. We believe this is a positive long-term move which will increase earnings per share." The European Central Bank has increased interest rates by 0.25% and there has been an effort to support the euro, wh...
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