The British blue-chip index, the FTSE 100 (^FTSE), enjoyed a gainful year in 2021. The index gained more than 14% over the year, recovering its early pandemic losses. Moreover, the index continued its positive trend this week, registering a two-year high this week on January 17, 2022.
While the effect of the omicron variant is likely to create short-term hurdles for European companies, the overall European economy is expected to experience higher-than-average growth this year. Moreover, the European Union’s fiscal stimulus is expected to bear more significance in the near term. In addition, Goldman Sachs (GS) expects the 19-member euro region to grow at a pace of 4.4% in 2022 and 2.5% in 2023, outpacing the United States’ growth pace of 3.5% and 2.2% for the respective years.
