The Macro Brief by HSBC Global Research
Has Europe turned a corner?
Apr 5, 2024
Senior European Economist, Chris Hare, discusses Europe's economic prospects, including potential rate cuts, challenges of shifting savings rates, impact of elections on fiscal policies, obstacles to productivity growth, and the influence of AI on economic growth.
09:35
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Quick takeaways
- European economy may see modest growth with falling inflation boosting real household incomes.
- Central bankers likely to consider gradual rate cuts as headline inflation decreases, indicating a shift in interest rate policy.
Deep dives
European Economy Outlook
Survey data suggests that European economy may see a modest pace of growth with falling inflation boosting real household incomes. Central bankers are likely to consider rate cuts as headline inflation decreases, but the pace of cuts is expected to be gradual. Both the European Central Bank and the Bank of England are forecasted to implement rate cuts, albeit slowly, indicating a shift in interest rate policy.
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