ECB May Start Normalizing Rates in Early 2020, Says UBS’s Wraith

The video discusses the better-than-expected GDP figures for the US and Eurozone, highlighting the implications for economic policy. The Eurozone's growth in Q1 exceeded consensus, suggesting a more stable economic outlook. The ECB is expected to begin a slow process of rate normalization by next year, with policy rates moving towards zero. This has implications for European bond markets, where yields are anticipated to rise as economic concerns ease and sentiment improves.

What was the GDP growth rate mentioned for the United States of America?

How does the current economic situation in Europe compare to earlier expectations?

What is the expected trend for unemployment and inflation in the eurozone according to the text?

What are the anticipated policy implications for the ECB in the coming year?

What factors are expected to influence the movement of sovereign yields in core markets?