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Digital Subscriptions > Prospect Magazine > June 2019 > Economics and investment

Economics and investment

The analyst: Duncan Weldon Associate Economics Editor, Prospect and Strategist, LGIM

Europe—a safer bet than it looks

Investors have become used to fretting about Europe. That is particularly true in the context of Brexit-related uncertainty, but concerns go back much further. The politics always seem a mess, a crisis usually appears imminent and growth is often soggy. Structural flaws in the design of the euro—a single currency not backed by a single fiscal authority or fully unified capital market—appear to leave open the risk of a dangerous accident. So what is the outlook for the months ahead?

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In Prospect's June issue: