BoA Clients: “We Give Up On Europe”

Ethan Harris, global economist at Bank of America Merrill Lynch, is giving up on Europe. In the bank’s latest global macroeconomic forecasts update, Harris and the rest of the economics team at BoA state that they are downgrading forecast for the Euro area on the back of weak data and the “laundry list of risks” facing the region. Q3 hedge fund letters, conference, scoops etc Growth downgrade Bank of America’s economists are now expecting GDP growth of just 1.8% in 2018 and 1.5% in 2019, down 20 basis points for each year. Wall Street consensus is projecting an increase of…