Gloom has descended on Europe. The United Kingdom’s inflation rate has hit double digits, and Germany’s is getting close. The euro is flagging, recently dipping below parity with the U.S. dollar. With Russia squeezing the supplies of natural gas to the region, the winter heating season is apt to be a brutal one. It is all raising concerns that Europe may be headed for a deep recession.
But Matt Burdett, who helps run international equity and global income strategies at Thornburg Investment Management, sees big opportunities in Europe. He says it’s important to look beyond the headlines, to dig deeper to understand what is really going on. “Knowledge is comfort,” he says.
Read more here.