Jefferies’ 2020 Calls on Europe

David Owens, a chief strategist, argues that the euro area is not following Japan's economic path. He highlights two positive factors: European companies' business investments and a strong labor market with wage growth, suggesting a brighter 2020 outlook. However, the UK's general election could influence the medium-term outlook.

What does David Owens suggest about the euro area's economic outlook for 2020?

According to Owens, how do companies in Europe differ from those in Japan?

What are the two factors Owens points to that support GDP growth in the euro area?

What impact does wage growth have on disposable income in the euro area according to Owens?

What is the 'fly in the ointment' that Owens mentions regarding the UK?