Eurozone Slowing But No Recession Expected, Nolting Says

The Eurozone economy is slowing, with some countries like Italy in recession, but a broader recession is not expected. Germany faces challenges due to external factors like weather and trade issues. Europe is currently seen as a weak link in the global economy, affecting asset allocation strategies. The ECB is not expected to raise interest rates soon, and Europe is underweight in investment portfolios compared to the US and Asia.

What is the current state of the eurozone economy according to the text?

Which country is mentioned as being in recession?

What external factors are impacting Germany's economy?

How does the sentiment towards Europe compare to that of the US and Asia?

What is the current asset allocation preference mentioned in the text?