This is despite Europe facing its own challenges, Ozturk-Unlu said, including the ongoing war in Ukraine, the energy crisis and inflation that has not yet peaked — and is unlikely to hit the European Central Bank's 2% target until mid-2024 at the earliest.
"Europe has been in expansionary fiscal policy mode for quite a while, especially due to the energy crisis," she told CNBC's "Squawk Box Europe" Monday. "But beyond that, not only the internalization of U.S. manufacturing and consumption within the U.S., Europe is also betting on the reopening of China and it is going to give positive tailwinds to the European growth story.
European GDP growth last outpaced the U.S. in 2017, though final 2022 figures have not yet been released. Ozturk-Unlu pointed to the diversification of sectors in Europe compared to the U.S. and sustainable production growth, particularly in Germany and France, as a case for Europe having more stable economic growth.
When it comes to stocks, she continued: "It doesn't mean Europe is completely immune and is in great shape, but in relative terms the shift from growth [stocks] to value actually gives a little bit more opportunity to Europe compared to U.S."
Covid made a damage . It will recover
In football terms : Argentina wins the World Cup.
But look what the S&P has been doing since the start of the Year