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Mensuel de novembre 2019 - Fonds d’investissement

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Will the European economy rebound from a disappointing 2019?
By Carl KAWAJA, Equity portfolio manager, Jens SØNDERGAARD, Currency analyst, Robert LIND, Economist, Capital Group   The United Kingdom is beset with Brexit uncertainty. Germany is teetering on the verge of recession. Protests in the streets of Paris until recently threatened to destabilise the French government. On top of all that, global disruption from ongoing U.S.-China trade tensions has weighed heavily on Europe’s export-dependent economy.   «I doubt many Europeans will be sad to see 2019 fade into history,» says Capital Group economist Robert Lind. «It’s been a tough year politically, economically and in the broader societal context.» However, there is reason to think 2020 will be better, Lind explains. There are several important «ifs» in play:...
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