Western European Risk/Reward Ratings Dictated By Long Term Outlooks

Over the last quarter there has only been a limited amount of change in our Western European Risk/Reward Ratings. This reflects the rather sluggish pace of recovery, with none of the consumer markets covered suggesting that they could offer up greater levels of dynamism than we had previously forecast. The Netherlands and the UK once again top the table, with France and Germany still leading the chasing pack. These positions reflect the long-term strength of these four markets and the low risks of doing business, as well as the fact that the consumer sector in all four has shown the

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