01
Apr
A positive new paradigm for Europe
Germany creates a new situation. Economic recovery in H2. PMI up. Inflation under control. ECB accommodating. Outlook moderate outlook for bonds. Positive backdrop for the euro, real estate and equities
Key points
- Eurozone momentum weakens again
- Q1 2025 will remain weak before the next upturn
- Leading indicators are already strengthening
- Household confidence set to improve in Q2
- Inflation stabilizes around ECB target
- ECB to cut rates by a further 0.25% in Q2
- Positive but moderate outlook for eurozone bond markets
- Euro benefits from new German paradigm
- Real estate to benefit from improving sentiment
- European stocks back in favor with investors
