The outlook remains very positive due to a number of factors including positive earnings growth, str...
The outlook remains very positive due to a number of factors including positive earnings growth, structural reforms and favourable demographics. While GDP growth is likely to exceed consensus forecasts and could therefore lead to rising interest rates, we believe earnings growth for 2000 will be ahead of expectations and more than offset the negative impact of rising interest rates on equity markets. Consensus earnings forecasts are predicated on sales growth of 10% for 2000 and 5% for 2001, which are over optimistic. Therefore, it will be crucial to identify companies delivering stro...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes