Earlier today, Richard Milne from the Financial Times (UK) wrote about the economic outlook for Europe. He spoke of emerging markets veteran Mark Mobius, and what the legendary investor thought about increasing concerns regarding low growth in the European economies. Milne wrote:

But not everyone agrees. Mark Mobius, managing director at Templeton Asset Management, will today say: “This crisis remains in the mind, rather than in reality. The likelihood of a Europe-wide recession is very small and any downturn in the markets will be short-lived.”

European Central Bank
Frankfurt, Germany

Source:

“Business calls for attention to growth”
Richard Milne
Financial Times (UK), September 22, 2008

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