European consumers have a higher propensity to save compared to U.S. consumers, which is putting downward pressure on consumer spending in Europe.

The energy shock in Europe is leading to higher costs for food, fertilizers, and other commodities, which contributed to higher inflation in March.

Yael Selfin is more concerned about the economic damage from the significant appreciation of the Swiss franc than from the strength of the euro.

The conflict in Iran is causing an energy price shock in Europe, similar to the one experienced in 2022 following Russia's invasion of Ukraine.