Europe Economic Outlook: European Recovery Continues
European recovery continues undeterred despite facing another large global shock, this time an energy shock. Our European team discusses how the economy withstood the shock and posted modest growth, and why the second half of the year will bring more of the same. One reason is the still challenging outlook for global commodity prices, which will translate into sticky inflation in the coming quarters as the energy shock broadens. The team also looks at the drivers of the recent surge in bond yields to argue that the main driver is a shift in expectations for policy rates, rather than worries about supply overwhelming demand.
Speakers
Gaurav Ganguly
Head of International Economics
Moody's Analytics
Kamil Kovar
Associate Director - Senior Economist
Moody's Analytics
Barbara Teixeira Araujo
Associate Director - Senior Economist
Moody's Analytics
Andrew Hunter
Associate Director, Senior Economist (EMEA)
Moody's Analytics
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