Is Shell (SHEL) Europe’s Hidden Investment Gem?

Europe’s Economic Outlook

The latest insights from the European Commission's Economic Outlook reveal a gradual recovery in the European economy. After a phase of stagnation, growth is modestly picking up, with a 0.3% increase in the first quarter of 2024. Although this is still below potential, it's a sign of improvement. A further growth of 1.0% in 2024 and 1.6% in 2025 is anticipated. Meanwhile, inflation is expected to decrease significantly—from 6.4% in 2023 to 2.7% in 2024 and 2.2% in 2025. This cooling inflation could result in the European Central Bank reducing interest rates gradually.