Analysts at BCA are expecting a recession for Europe early in 2025:
“Our conviction that a recession will engulf Europe early next year is strengthening.”
Citing:
Leading global growth indicators continue to deteriorateweakening economic activity aheadsteepening of the yield curve, the rebound in the VIX, the continued weakening of carry trades, and the relapse of commodity prices are all poor omensdata softening in Europe
On the euro:
EUR/USD always depreciates significantly after carry trades have unwoundwait for the first rate cut from the Fed before selling the euro
This article was written by Eamonn Sheridan at www.forexlive.com.
