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.

Contact us to obtain the password to open the PDF

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