Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Skip to main content

Download Report

Please complete form to access this report
BCA report “Europe: Overweight With Conditions,” with a chart on regional equity valuation and earnings outlook.

Our main themes for the next year revolve around our recession call. We expect Europe to experience a mild contraction in activity toward the middle of 2024. This shallow decline will allow the ECB to cut interest rates. 

As a result, European equities are likely to experience some significant tremors in the first half of the year, with an underperformance of cyclical names.