Paul Doyle, Head of Large Cap European Equities, looks at the green shoots in Europe, despite ongoing higher inflation and mixed signals on the strength of the economy
- Europe acted quickly to reduce its dependence on Russian energy, and inflation has reduced – but it won’t fall back to previous levels
- There are green shoots in Europe with significant potential demand for durable goods, but signals are mixed
- We do not expect the European Central Bank to raise rates
Interested in learning more?
Read the full viewpoint below.