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2019/01/15 / Erste Group Research

Interest Rate Outlook Eurozone, USA | Markets will have to adjust

After a major shake-out in December last year, financial markets staggered rather than slid into the new year. This was caused by fears over an imminent large economic downturn.

Is there anything to these fears? It is true that the environment is becoming more challenging. The most favorable phase, when households and above all companies enjoyed both low interest rates and strong economic growth, is over.

Financial markets will have to adjust to this new stage and can no longer blindly rely on low interest rates and a surfeit of excess liquidity.
This adjustment process is not only affecting financial markets, but borrowers all over the world. We have therefore, apart from our outlook for monetary policy in the euro zone and the US as well as government bonds in both economic areas, chosen global debt as a focus topic of this report. Without claiming to present a complete picture, we are highlighting weaknesses one should pay attention to.

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General information

AuthorErste Group Research
Product nameInterest Rate Outlook Eurozone, USA
Topic in focusMacro/ Fixed income
Economy in focus-
Currency in focus-
Sector in focus-


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