US Can Temporarily “Decouple” From The EZ (If The Shock to EZ is Mild)

By Alex Waters and Brunello Rosa

23 April 2019

In this paper we discuss:

  • the economic (trade and domestic demand) and financial linkages between US and the EZ;
  • the "causality" between US and EZ economic cycles;
  • the sensitivities between US and EZ growth rates;
  • whether the US can withstand a shallow/deep recession or the breakup of the EZ;
  • how the policy response of the EZ could impact US growth; and
  • the market opportunities and implications of all the above.

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Download PDF:  R&R Macro Picture US and EU Business Cycle - April 2019

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