For Booming Euro Area, the Good Times Can't Last Forever
- Confidence, activity measures weaker than expected in February
- ECB remains cautious on how it will change policy guidance
Allianz's Dwane Says Euro Is Still Undervalued by 10 Percent
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The euro-area economy has been put on notice that there’s no guarantee the good times last forever.
Two reports this week took the shine off the outlook after a string of positive data that culminated in 2017 recording its best growth in a decade. Business confidence in Germany fell the most in more than five years, while manufacturing and services activity in the euro area weakened more than economists forecast.