23 October 2023
Eurozone: Recession Postponed, Not Cancelled
The weakness in Eurozone economic activity this year is not about the ECB’s monetary policy. Rather, it reflects the weakness in the global industrial cycle and the depressing effect of an inflation...
14 August 2023
The Problem With European Earnings
Despite a stabilization in real economic activity, Eurozone nominal GDP growth will slow. European earnings have additional downside and EPS growth is more leveraged to nominal activity than real GDP.
17 July 2023
How Large Can The Eurozone / US Divergence Get?
Euro Area growth has fallen sharply in recent months, resulting in a collapse of European economic surprises compared to the US. This transatlantic growth divergence was driven by the rapid decline...
