Gaurav is joined by Barbara, Andrew and Kamil for a deep dive discussion on the European outlook. Will 2026 be the year that euro zone growth finally picks up momentum? The team offer a number of reasons for optimism, including the fading impact from last year’s U.S. tariffs, lower interest rates, an apparent upturn in the global industrial cycle and the huge fiscal boost set to feed through in Germany. But as the rapidly-evolving crisis over Greenland illustrates, there are still plenty of ways this cautiously optimistic outlook could be derailed.

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