We are at an inflection point for Europe, signalling a promising medium-term outlook for the region, despite modest growth projections for 2025. Upcoming reforms, structural changes, and anticipated investments are expected to foster economic activity across Europe. The region stands at a pivotal moment, navigating a new defence paradigm and a fiscal push in Germany aimed at addressing the shortcomings identified in Draghi’s report. This initiative is set to enhance productivity and innovation, thereby unlocking Europe’s economic potential. After several years overshadowed by US exceptionalism, European markets have demonstrated a remarkable turnaround, outperforming their American counterparts and becoming increasingly attractive to foreign investors, as evidenced by the increase in capital flows to Europe recently. The Euro is emerging as a potential global alternative to the dollar, as pointed out recently by ECB president Lagarde “The ongoing changes create the opening for a “global euro moment”.” 

You can now read the full whitepaper at the link below