European growth has dipped, but a US recession is only postponed
Insights

European growth has dipped, but a US recession is only postponed

Despite a technical recession on the continent – and without the banking problems facing the US – there are many positives for Europe

  • Although we’ve seen banking turmoil and rising rates, the stock market has been resilient due to expectations of cuts before year-end
  • European equities have outperformed the US by 30% since autumn, reversing a decade of underperformance
  • Excess savings, strong personal balance sheets and falling energy prices are positives for Europe

Interested in learning more?

 Download the full European Macro update to discover more.

15 June 2023
Paul Doyle
Head of Europe ex-UK Equities
Share article
Share on linkedin
Share on email
Key topics
Related topics
Listen on Stitcher badge
Share article
Share on linkedin
Share on email
Key topics
Related topics

PDF

European growth has dipped, but a US recession is only postponed

Risk Disclaimer

Views and opinions have been arrived at by Columbia Threadneedle Investments and should not be considered to be a recommendation or solicitation to buy or sell any companies that may be mentioned.

The information, opinions, estimates or forecasts contained in this document were obtained from sources reasonably believed to be reliable and are subject to change at any time.

Engagement efforts outlined in this Viewpoint reflect the assets of a group of legal entities whose parent company is Columbia Threadneedle Investments UK International Limited and that formerly traded as BMO Global Asset Management EMEA. These entities are now part of Columbia Threadneedle Investments which is the asset management business of Ameriprise Financial, Inc. Engagement and voting services are also executed on behalf of reo® clients.

Related Insights

27 February 2024

Fixed Income Desk

In Credit - Weekly Snapshot

In Credit Weekly Snapshot – February 2024

Our fixed income team provide their weekly snapshot of market events.
Read time - 5 min
27 February 2024

Dara White

Global Head of Emerging Market Equities

Krishan Selva

Client Portfolio Manager

Cory Unal

Portfolio Analyst

India’s digital revolution offers more opportunities for investors

The country is in a structural growth cycle, with a focus on reform, infrastructure investment and manufacturing. Alongside favourable demographics, it's making India an easier country in which to do business.
Read time - 3 min
26 February 2024

Steven Bell

Chief Economist, EMEA

Low inflation to create unusual dilemma for the Bank of England

In an election year, pressure for a cut in rates will only grow as inflation eases. What is the BoE to do?
Watch time - 5 min
true
true

Risk Disclaimer

Views and opinions have been arrived at by Columbia Threadneedle Investments and should not be considered to be a recommendation or solicitation to buy or sell any companies that may be mentioned.

The information, opinions, estimates or forecasts contained in this document were obtained from sources reasonably believed to be reliable and are subject to change at any time.

Engagement efforts outlined in this Viewpoint reflect the assets of a group of legal entities whose parent company is Columbia Threadneedle Investments UK International Limited and that formerly traded as BMO Global Asset Management EMEA. These entities are now part of Columbia Threadneedle Investments which is the asset management business of Ameriprise Financial, Inc. Engagement and voting services are also executed on behalf of reo® clients.

You may also like

Investment approach

Teamwork defines us and is fundamental to our investment approach, which is structured to facilitate the generation, assessment and implementation of good, strong investment ideas for our portfolios.

Awards

Columbia Threadneedle Investments has received accolades across a wide range of sectors and funds, demonstrating the breadth of our investment expertise.

Contact

For more information about Columbia Threadneedle Investments or our products please contact us.