Pictet's Ducrozet Sees 'Broad, Stable' Recovery in Euro Zone

The video discusses the economic growth outlook for 2018, highlighting stable growth in the euro area with variations in GDP performance across countries like Portugal and Italy. It examines market reactions to economic recovery, emphasizing the importance of stable recovery for investors and policymakers. The video also explores inflation dynamics and labor market issues, comparing the US and euro area, and discusses the potential for higher inflation in Europe due to labor market constraints and global growth conditions.

What reasons are given for the potential increase in inflation in the euro area compared to the US?

In what ways does the text suggest that global growth impacts labor markets in the euro area?