11
Aug
Temporary lull on European rates
The European economy will avoid recession in Q3. Inflation to stabilize at +8%. Temporary consolidation of yields. Moderate appreciation of the euro. European equity risk premium touches 35%.
Key points
- European economic growth contrasts with US recession
- European GDP growth of +0.7% in Q2 surprises despite German weakness
- Leading indicators increasingly uncertain
- Household confidence at historic low
- Inflation stabilizes near +8% in Q3
- The ECB is belatedly tightening its tone
- Is a rise in the euro possible?
- Temporary lull in European interest rates
- European equity risk premium reaches 35%.
