Fidelity recently published an excellent report titled Europe’s Problems: Contained or Contagion, an analysis of the uncertainties in the Euro-zone that we highly recommend investors read. This report reviews the European debt turmoil and the potential risks to the global economic recovery, noting that markets are likely to remain volatile as the situation evolves.
Fidelity concludes, “While Europe’s sovereign debt and banking problems are likely to lead to slower global growth, to this point there are few signs of an interruption in the global economic recovery.”
We will be closely monitoring the European situation, as well as global economic data, and remain optimistic that the strength in other markets, particularly developing countries, will provide enough growth to maintain the global economic recovery. As always, we welcome your comments.
