Small caps' fake allure

Chris Dillow

Chris Dillow
Small caps' fake allure

This year looks like being a better year for the UK's economy than for the eurozone's. Latest purchasing managers' surveys show that UK manufacturing activity is now rising while the euro area's is falling, which is consistent with economists' forecasts that UK real GDP will grow by around 1 per cent this year while the euro area's will probably stagnate.

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