Outlook positive for majority of Europe

markets forum

prospects for the Continent are improved if germany and italy are stripped out, Fidelity's Tim McCarron told delegates at london conference

Forecasts for European growth continue to lag those for the US and UK but the outlook for the Continent is attractive if Germany and Italy are stripped out, according to Fidelity's Tim McCarron. He told delegates at the annual Investment Week London Markets Forum conference this trend can be seen looking back over the past decade. In the 10 years to the end of June, European GDP growth has averaged 2% on an annualised basis compared to 3% in the US. However, Europe excluding Germany and Italy has enjoyed 2.7% annualised GDP growth over the same period. McCarron, manager of Fidelity's £2....