SPEU - The European Economy's Surprising Resilience
2024-06-15 05:25:00 ET
Summary
- The European economy is performing better than many forecasters initially expected.
- From a macroeconomic perspective, while challenges remain, financial stability depends on the ability to absorb shocks.
- At the micro level, recent earnings in the consumer sector were strong, with confidence higher in the U.K. than in continental Europe.
By Badis Chibani, CFA
Growth forecasts have improved, albeit as sector and regional trends diverge.
It is often useful to assess the progression of macro trends through the lens of micro developments, which we recently did in relation to the U.S. consumer . In the following blog, Badis Chibani draws on the insights of colleagues across multi-asset and credit segments to explore what recent data is revealing about macro/micro trends in Europe. ...
The European Economy's Surprising Resilience