Confidence in developed economies like North America and western Europe has shot up since last year, according to a survey of investors across 23 countries.
Some 27 percent of the 15,749 investors surveyed by asset management company Schroders said western Europe offered the best prospect of returns in 2014, up from just 10 percent last year. Meanwhile, almost one-third (31 percent) of investors saw North America delivering the strongest returns, up from 18 percent in 2013.
Commenting on the results, Schroders Vice Chairman Massimo Tosato noted the strong performance of the U.S. economy towards the end of 2013. U.S. GDP (gross domestic product) rose by around 3 percent in the last three months of the year, despite the government shutdown in October.
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