Guggenheim's Weekly Macro View Commentary
A Synchronous Expansion
The global economy is at the start of the first global synchronous expansion since 2007. In Europe, the periphery has lived through a depression, but as prices have declined, unit labor costs have fallen, spurring recovery. Overall, Europe is expanding and the outlook is further buoyed by rising expectations that the European Central Bank will likely engage in some form of quantitative easing. Click here to read more.