Although the eurozone's troubles show no sign of abating yet, Sheldon MacDonald, senior investment manager at Architas, says opportunities for investors in Europe remain.
The buzz phrase of European economic discussions has been of a ‘two-speed Europe’. In the fast lane is Germany, which is performing reasonably well despite peripheral economies bearing down on it. In the slow lane are countries including Greece, which is in its sixth consecutive year of a recession and Portugal, where political tensions arose this month. In such places, it is easy to see the struggles will be here for a while longer and why the IMF revised its forecast for the eurozone again this month. The economy is now expected to shrink by 0.6% this year. Structural issues A...
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