Europe outlook ‘one of stagflation’, warns BNP Paribas
“Anaemic” growth has left Europe more vulnerable to recession risk than other major economies, according to BNP Paribas. In the group’s 2024 investment outlook, Stepping into a New Reality, Daniel Morris, chief market strategist for the London office, wrote: “Europe is the region where pessimistic forecasts were largely realised – and where pessimism is potentially…