«Europe is on track for a cyclical rebound»

04.12.2025 08:49 - Bellevue Asset Management AG

«Europe is on track for a cyclical rebound»

Europe’s economy has the wind at its back as it enters the new year. Macroeconomic indicators are showing signs of stabilizing, PMI readings have passed their trough, and the ECB is on a more accommodative path. On top of all that, government spending has become a force of its own: Germany has launched a EUR 500 bn infrastructure investment initiative and is committed to increasing its defense spending to 3.5% of GDP. At EU-wide level, another EUR 800 bn has been earmarked for modernization and security programs such as the Defense Readiness 2030 Roadmap.

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