Next 10 years better than last 10 years (?)
Eurozone (Status: Q2/2017)
The Eurozone as a whole is around cyclical equilibrium, but this masks significant divergences between depressed periphery countries and Germany, where the economy is running hot. In response to ECB stimulation, growth...
...has picked up a bit, but inflation is still weak and below the ECB target. Nominal interest rates on both the short and the long end are around zero and are priced to stay low for years.
Original paper/link: www.linkedin.com/pulse/big-picture-ray-dalio