Europe, Sick Man of the World Economy — Europa, kranker Mann der Weltwirtschaft?

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Zwei Zitate: Bridgewater vermutet, dass die nächste Krise von Europa ausgehen wird, und Draghi bestätigt prompt wenige Tage später, dass das Wirtschaftswachstum in Europa zunehmenden Risiken ausgesetzt sei.

Two quotes: Bridgewater suspects that the next crisis will emerge from Europe, and just a few days later Draghi confirms that economic growth in Europe is facing increased risks.

Quote 1:

And while Bridgewater is clearly bearish on developed markets such as the US  [... c]uriously, Jensen does not believe the next market swoon will emerge from the US; instead he said "European markets will be the first test" as the region is "starting from a worse level in terms of the economy, lower inflation - close to deflation in many places - and already have negative interest rates" adding that "their movement will be kind of a leading indicator because they’re going to struggle more with easing” than the U.S. or China, which have "more tools available to them."

The source.

Quote 2:

"The risks surrounding the euro area growth outlook have moved to the downside on account of the persistence of uncertainties related to geopolitical factors and the threat of protectionism, vulnerabilities in emerging markets and financial market volatility"

As a reminder, in Draghi's last statement, the central banker said "the balance of risks is moving to the downside" confirming not only that the European economy is now on the verge of contraction, but that this chart, showing that the Eurozone is now effectively in a recession has not been lost on the ECB.

The source.