Posted by Reine Bitar, CFA®, Portfolio Manager and Michael Booth, Associate Portfolio Manager
The eurozone economy has experienced a sharp slowdown since the second half of 2018 in a reversal from the mini-boom enjoyed in 2017. This downturn has been most pronounced in the manufacturing sector and in Germany, due to its heavy exposure to weakening foreign demand and temporary setbacks that stalled its auto sector. While uncertainty relating to global trade tensions, Brexit and other European political headwinds will likely continue to take their toll in the near term, we at Invesco Fixed Income