Europe beating the US if Germany is excluded

markets forum

Continental Europe has a track record of better employment and GDP growth than the US, as long as Ge...

Continental Europe has a track record of better employment and GDP growth than the US, as long as Germany is stripped out of the statistics. Between 1994 and 2003, growth in the Continent ex Germany region has, per head of population, exceeded growth in North America, according to Threadneedle. David Dudding, European smaller companies fund manager at the group, suggested that, at the very least, the US economic miracle should be seen as "a bit overblown" in this context. Within Europe, the HSBC Smaller Companies Europe (ex UK) index has beaten its large-cap FTSE Europe (ex UK) equivale...