Russell Investments' John Velis says Europe's leaders can avoid messy conclusion to euro crisis.
In Europe, our “square-root-sign” recovery still seems like the most probable scenario. In some ways, such a modest trajectory represents a bit of a disappointment.
As we have been saying, the usual recovery after a recession is often sharp and quick, akin to the letter ‘V’. Yet, the 2008 Great Recession, the severest global contraction since the Great Depression, has not been followed by such a steep recovery.
In Europe, our “square-root-sign” recovery still seems like the most probable scenario. In some ways, such a modest trajectory represents a bit of a disappointment.
As we have been saying, the usual recovery after a recession is often sharp and quick, akin to the letter ‘V’. Yet, the 2008 Great Recession, the severest global contraction since the Great Depression, has not been followed by such a steep recovery.
