Eurozone: still not the right time to capitulate

For the past year, each glimmer of hope of seeing Eurozone GDP growth stabilise, then pick up, has been dashed with a new shock or an upsurge of uncertainty. The start of 2019 is no exception. On my right, the negative factors: slowdown of global/Chinese growth, Brexit, social unrest, political stress, threats of trade tariffs. On my left, the positive factors: fall in the oil bill, (timorous) fiscal stimulus. The bearish factors outweigh the bullish and are potentially more inte...