Europe has long been considered to be an important economic and industrial hub with some of the most advanced economies on the continent. The world has witnessed Europe’s growth over centuries with a high standard of living. The average annual growth rate for Europe has been 1.8%, according to data from the IMF. Following a swift post-pandemic expansion in 2021 and 2022, the European economy has lost momentum.
Europe’s stability and economic growth took a massive blow with Russia’s invasion of Ukraine in early 2022 and it was the time when the economy was getting stable following a heavy hit from the COVID-19 pandemic in 2020. The downside risks continue to haunt the global economic outlook. The increased tensions in Gaza and Russia’s aggression against Ukraine are major uncertainties apart from other market risks.
Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.
