In Europe

Popularity of fiscal policy rises as new European leadership shows up

Popularity Of Fiscal Policy Rises As New European Leadership Shows Up

David Kohl (Julius Baer) | The European political leadership is in transition, with Ursula von der Leyen starting as President of the European Commission and Christine Lagarde as President of the European Central Bank and the Social Democrats in Germany voting for a new leadership. The common denominator of the most recent leadership changes in Europe is more openness towards an expansionary fiscal policy at the expense of austerity, which had been the mantra of the past ten years.

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IMF expects European industry to rebound

Although low growth in Europe is set to persist, the IMF points to a + 1.8% rebound by 2020 justified by the expectations that international trade will rebound and the industry will begin to grow.