Europe is home to a number of great companies with a global footprint. It is a leader in the drive to innovate in the renewable energy and green technology space; has a number of successful companies in areas like healthcare and luxury goods; and is well exposed to several cyclical names - many of which are currently at low valuations.
The above paragraph is something I often recite to my investment team when Europe is facing a challenging period - of which there have been many in the past decade or so. 2022 was expected to be a strong year for the region, with corporate profits and growth set to rise as the economy re-opened following the pandemic. However, that has given way as military action and inflation hang heavily over Europe. Now it's a case of supply chain disruption and geopolitical fears - with talk of recession back on the table. Inflation now stands at more than three times the European Central Bank's ...
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