Eurozone Outlook: When Secular Turns Cyclical

Over the next few years, financial markets could be set for a series of “Rude Awakenings,” as we forecasted in our latest Secular Outlook. The global economy is transitioning out of a post-crisis period characterized by remarkable stability, and the changes ahead could be jarring for investors.

In Europe, this forecast appears to be unfolding already.

Among the key secular risks we identified in our outlook are the emergence of a radical populist backlash against capital, the establishment and free trade; a shift in the policy mix toward fiscal expansion; a market environment characterized by less reliance on central banks; escalating geopolitical conflict; and a likely global recession in the next few years.

Read on (source and credit)

https://www.pimco.co.uk/en-gb/insights/blog/eurozone-outlook-when-secular-turns-cyclical