Euro area: set to catch a cold?

Fathom Consulting // Insights // Euro area: set to catch a cold?

There is an old adage which states that, “if the US sneezes, the rest of the world catches a cold”. Empirical evidence suggests that this is as true now as it ever was. In Fathom’s Q3 Global Economic and Markets Outlook, we laid out the case for a US recession in 2020 and outlined how this would be likely to spread to the rest of the developed world. Lacking both monetary and fiscal policy ammunition, the euro area economy…