Europe’s global leaders offer some attractive opportunities

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Europe’s global leaders offer some attractive opportunities

With the pandemic-induced shutdown of 2020 — which caused the worst recession since the Great Depression — behind us, solid growth is expected across major economies in 2021, according to the International Monetary Fund (IMF).

In Europe, the IMF anticipates the economy will expand 5.2% in 2021, compared with a fall of 8.3% in 20201. However, the prospects for Europe in the year ahead will depend on how quickly the pandemic subsides and the extent of further government fiscal support. With new lockdowns in place across some countries …

Key Takeaways

• The prospects for Europe in the year ahead depend on how quickly the pandemic subsides and the extent of further government fiscal support.
• Equity valuations in the region remain attractive.
• There are some leading Europe-based companies whose profiles are difficult to find anywhere else in the world.