Wealth Outlook 2024 - Slow then grow

Europe: a slow recovery, with stronger equity returns later into 2024 Guillaume Menuet Head, Europe, Middle East and Africa Investment Strategy and Economics Judiyah Amirthanathar Europe, Middle East and Africa Investment Strategist Wealth Outlook 2024 | Regional outlook Europe’s more conservative monetary policy, in combination with the withdrawal of energy support measures, suggests a prolonged and muted “slow then grow” cycle relative to the US. This will leave European equities unattractive on a relative basis for most global investors. Fixed income will, however, provide local investors some rich potential opportunities for yield.