Consumer revenge – the next stage of the recovery in europe

Janus Henderson
By July 28, 2021 13:44

Consumer revenge – the next stage of the recovery in europe

Is pent-up consumer demand the key to unlocking value in Europe? In this article, John Bennett, Director of European Equities, considers some of the meaningful trends he believes could drive positive momentum in the region.

Key takeaways

  • As we progress towards a post-pandemic world, the next stage of the recovery is likely to be led by consumers armed with record-high savings.
  • Political instability (including Brexit) and COVID-19 have left European equities out of favour. As these headwinds pass, the valuation gap between Europe and the US appears extreme.
  • We expect the unprecedented synchronised fiscal and monetary response to COVID-19 to lead to an inflationary environment which warrants consideration of a greater allocation to Europe.

Janus Henderson
By July 28, 2021 13:44

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