- Monetary policy cycle is coming to an end.
- Growth outlook broadly stable despite trade conflict.
- Medium-term inflation stabilizes at target.
- Financing conditions are no longer restrictive.
- Private consumption is supporting growth.
- Defence and infrastructure spending counteract tariffs.
- Energy prices and the Euro could change in either direction.
- I expect only limited trade diversion from China to EU.
- The Euro’s global role is strong, could strengthen further.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
