Europe 2020. We'll see if Breaking Up (with the UK) is Hard to Do
We look at our thoughts for Europe next year in our last Global Perspectives of 2019. The biggest known event will be how Brexit plays out, and we discuss why the market is getting too complacent already on this. On the continent, policy makers seem to be on the sideline, which could lead to investors filling in the void when it comes to lack of investment opportunities. Interestingly, we talk about how investors can build up their own imbalances which could come back to haunt them.
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