The European Recovery
The European situation continues to evolve in a beneficial direction, with positive developments in both politics and economics reinforcing each other. Thus, in simple terms, better economic growth has reduced Euroscepticism, thereby reducing the risks of political disruption, which further bolsters confidence and growth. Further, French President Emmanuel Macron’s proposed reforms, should they succeed, would further bolster the investment case for Europe, as they would improve the structural drivers of growth on the continent.
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For the strategy and asset allocation for the 3rd quarter of 2017 Strategy_&_Asset_allocation_doc_-_The_European_Recovery