se
SE
Sweden
en-SE
se_inst_classes
inst
Institutional
en
en
Insights

European growth has dipped, but a US recession is only postponed

Despite a technical recession on the continent – and without the banking problems facing the US – there are many positives for Europe

  • Although we’ve seen banking turmoil and rising rates, the stock market has been resilient due to expectations of cuts before year-end
  • European equities have outperformed the US by 30% since autumn, reversing a decade of underperformance
  • Excess savings, strong personal balance sheets and falling energy prices are positives for Europe

Interested in learning more?

 Download the full European Macro update to discover more.

15 June 2023
Paul Doyle
Head of Europe ex-UK Equities
Share article
Key topics
Related topics
Listen on Stitcher badge
Share article
Key topics
Related topics

PDF

European growth has dipped, but a US recession is only postponed

Risk Disclaimer

Views and opinions have been arrived at by Columbia Threadneedle Investments and should not be considered to be a recommendation or solicitation to buy or sell any companies that may be mentioned.

The information, opinions, estimates or forecasts contained in this document were obtained from sources reasonably believed to be reliable and are subject to change at any time.

Engagement efforts outlined in this Viewpoint reflect the assets of a group of legal entities whose parent company is Columbia Threadneedle Investments UK International Limited and that formerly traded as BMO Global Asset Management EMEA. These entities are now part of Columbia Threadneedle Investments which is the asset management business of Ameriprise Financial, Inc. Engagement and voting services are also executed on behalf of reo® clients.

Related Insights

3 March 2025

David Egan

Senior Research Analyst

DeepSeek: evolution, not revolution, in artificial intelligence

What is DeepSeek’s real impact on artificial intelligence, and what does it mean for investors?
18 February 2025

Paul Doyle

Head of Europe ex-UK Equities

Europe’s year of two halves, while the US walks an inflation tightrope

Europe’s H1 margins will be under pressure, but the headwinds should blow through.
13 February 2025

Daisuke Nomoto

Global Head of Japanese Equities

Simon Morton-Grant

Client Portfolio Manager

Japan’s economic revival – the first steps of a long-awaited transformation

Japanese equities have enjoyed strong returns in recent years. Have investors missed the boat? We think not and remain constructive on the outlook from here.
17 April 2025

Gene Tannuzzo

Global Head of Fixed Income

Fixed income update: Bonds reclaim role as a volatility buffer

High-quality bonds are an important portfolio diversifier in uncertain markets.
15 April 2025

Gary Smith

Client Portfolio Manager, Fixed Income

Democracy in decline: the impact on financial markets

World leaders are getting older and global democracy scores are falling. What are the potential outcomes for global markets?
14 April 2025

Fixed Income Desk

In Credit - Weekly Snapshot

In Credit Weekly Snapshot – April 2025

Our fixed income team provide their weekly snapshot of market events.
true
true

Risk Disclaimer

Views and opinions have been arrived at by Columbia Threadneedle Investments and should not be considered to be a recommendation or solicitation to buy or sell any companies that may be mentioned.

The information, opinions, estimates or forecasts contained in this document were obtained from sources reasonably believed to be reliable and are subject to change at any time.

Engagement efforts outlined in this Viewpoint reflect the assets of a group of legal entities whose parent company is Columbia Threadneedle Investments UK International Limited and that formerly traded as BMO Global Asset Management EMEA. These entities are now part of Columbia Threadneedle Investments which is the asset management business of Ameriprise Financial, Inc. Engagement and voting services are also executed on behalf of reo® clients.

You may also like

Investment approach

Teamwork defines us and is fundamental to our investment approach, which is structured to facilitate the generation, assessment and implementation of good, strong investment ideas for our portfolios.

Funds and Prices

Columbia Threadneedle Investments has a comprehensive range of investment funds catering for a broad range of objectives.

Our Capabilities

We offer a broad range of actively managed investment strategies and solutions covering global, regional and domestic markets and asset classes.

Thank you. You can now visit your preference centre to choose which insights you would like to receive by email.

To view and control which insights you receive from us by email, please visit your preference centre.

Woman listens to music through headphones
Play Video

CT Property Trust- Fund Manager Update

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium