Analyst Christof Govaerts (Bank Nagelmackers) sees some slowdowns of the global economy but a recession is not soon to be expected. Thanks to Donald Trump's fiscal stimulus the US economy is still going on a high speed. Govaerts estimates the US growth at around 2 percent.
For Europe he sees some problems for especially Italy and Germany. Monetary policies in Europe are running on it's last legs so it's now the time for fiscal stimulations. But in Europe there are quite some fiscal constraints that could block some fiscal solutions. Lower VAT and lower corporate taxes are some examples that could be used to stimulate the European economy as well the till now never used European Investment Fund (with 240 billion euros in it).