Unprecedented stimulus in the Eurozone – sovereign QE, negative deposit rates, depreciating Euro and cheaper oil – is having a positive effect not just on asset prices but also on underlying economic growth. Economic lead indicators in Europe bottomed in October 2014 and have been recovering steadily since, with the biggest improvement witnessed in Italy, hitherto the only peripheral economy not to have already exited a multi-year recession. With the caveat that there have already been several false…
‘Mario’s monster comes to life’
08 Apr 2015
Posted by Barry Norris