Analyst: The euro is likely to weaken significantly by the end of the year.

GoldenOctober2024

Jin10 data reported on July 14 that John Higgins of Capital Economics stated in a report that due to the Eurozone’s economic rise possibly being below expectations, the euro is very likely to weaken significantly by the end of the year. Currently, market expectations for Eurozone growth are better than those for the United States. We believe that even if the United States ultimately does not impose the threatened 30% tariffs on EU imports, these expectations will still fall short. He expects that loose fiscal policies will boost Germany’s economic rise. However, the agency believes that the overall impact of fiscal policy on the Eurozone as a whole is roughly neutral. This macroeconomic research institution also expects that the impact of tariffs on U.S. economic rise will be relatively mild.

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