02. MACROECONOMICS & STRATEGY
What hope for Europe?
1. Purchasing power gains through :
✓
Rising real wages
✓
Employment resilience
2. Lower rates:
✓
BCE rate is decreasing
✓
Credit for businesses
3. Accumulated savings
4. Political awareness :
✓
In Germany and at European level
✓
Allowing better allocation of savings
5. An end to the conflict in Ukraine
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Source : Rothschild & Co Asset Management – 2024
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