H&W in the Media
International Equities Looking More Attractive For Investors
I believe that the prospects for continued economic growth, as measured by gross domestic product (GDP), in the U.S. in 2015 are strong but remain skeptical about the ability of the U.S. economy to exceed 3% annualized GDP growth this year. I am not alone in this assessment as the consensus forecast for 2015 GDP growth, according to The Conference Board Global Economic Outlook 2015, is 2.9%
I am not as optimistic about the potential for economic growth in other places across the globe in 2015 as I am with the U.S. In particular, I believe that Europe’s economic recovery struggles will continue and that they will be plagued by persistent debt issues in some of the larger euro zone economies in countries such as Italy and France in addition to the likely departure of Greece from the euro zone.
As the year progresses, I believe that the euro zone will start to show signs of regaining its economic footing, thanks in part to continued stimulus measures likely to be enacted by Mario Draghi, president of the European Central Bank, to build upon in 2016.
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