Europe to lag, Asia to lead

According to investment consultancy Gavekal, Europe is heading for troubled times. On the other hand, says their report, Asian equities and real estate are the place to be.

Europe is heading into troubled times, predicts the well-regarded investment consultancy GaveKal.

It is starting to experience "the full effects of higher taxes, higher interest rates and a higher exchange rate" a combination "usually enough to floor even the toughest economy (which Europe is not)."

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