Productivity and job growth sound positive note throughout eurozone

The Debate

Outlook in Europe is better than it has been for some time particulary due to an acceleration in job creation

This week's Conjecture focuses on investing in the European markets. Taking part in the debate were Ajay Gambhir of JPMorgan Asset Management and James Buckley of Baring Asset Management. What is your view of the macro scene over the coming year? Ajay Gambhir (AG): Over the past couple of years, we have seen increasing acceleration in job growth in Europe, which has taken some by surprise given the stagnation of those economies over a much longer period. The stimulus we are seeing for change from new Europe as a competitor to old Europe means we could see that momentum continue. In macr...