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Real GDP Growth in European Union

Source: EUROSTAT

The latest economic indicators and survey results continue to suggest a moderate pace of growth in the euro area economy.” 

“Looking ahead, favourable financing conditions will continue to support expansion within the euro area.”

ECB Economic Bulletin, December 2019

Recommended Industry Allocation

As economic expansion in Europe matures it would be prudent to have in portfolio stocks belonging to defensive industries. These considerations are reflected in presented recommended mix of industries.

Please use the diagram only as a broad indication what industries could have growth potential under current economic conditions as industry performance is influenced by many different factors, not only by business cycle.

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