Us Eu Decoupling Apr 19

MACRO PICTURE

US Can Temporarily “Decouple” From The EZ (If The Shock to EZ is Mild)

By Alex Waters and Brunello Rosa

23 April 2019

In this paper we discuss:

• the economic (trade and domestic demand) and financial linkages between US and the EZ;
• the “causality” between US and EZ economic cycles;
• the sensitivities between US and EZ growth rates;
• whether the US can withstand a shallow/deep recession or the breakup of the EZ;
• how the policy response of the EZ could impact US growth; and
• the market opportunities and implications of all the above.

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Download PDF:  R&R Macro Picture US and EU Business Cycle – April 2019

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