Eurozone consumer may save slowing economy

though the economic outlook is widely expected to weaken over the approach months, valuations on the whole remain supportive, while fundamental frequency are, by and large, still attractive.
"Although there are signs that growing is deceleration, the lag is mostly expected to be gradual and much less dramatic than the economies of many other part such as the US", argue Roger and Guillaume.

As exportation demand eases in 2008, the focus is probably to shift to the consumer and family spending. Unemployment is still falling in Federal Republic of Germany, providing support to domestic help demand and given the historically tight labor market, German wage pressures may also offer additional support to consumer spending.

According to Roger and Guillaume, "It is worth noting that economy as a percent of disposable income is higher in French Republic and Federal Republic of Germany than in the US or UK. We are also visual perception lower degree of consumer debt as a percent of disposable income in state such as Federal Republic of Germany, France and Italy versus the UK and US".

The Gartmore European Selected Opportunities Fund and the Gartmore SICAV Continental European Fund are both AAA rated by S & P. Both Funds have significantly outperformed their sector average over 1 year.