‘We have been through one crisis after another over the last four years. The unprecedented market context has reshuffled the cards between asset classes and has led to the emergence of alternative real estate on the back of favourable fundamentals.’
While a violent recession and financial crisis were avoided despite the historic rise in key interest rates by the world's major central banks, the economies
soft landing in 2023.
The eurozone is part of this trend and continues to hold up well. We therefore continue to expect growth to improve in 2024 and 2025. Recent data from leading indicators also seem to confirm this trajectory, which could indicate a turning point,
especially as the disinflation process continues. We therefore expect inflation to reach its 2% target by the end of this year, and to remain under control in 2025.
As a result, we maintain our stance on the continuation of the policy of cutting key rates in 2024 and 2025.
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