'We're a bit skeptical about the ability of Europe to use stimulus to come out of this,' said UBS Chairman Axel Weber.
Both emerging markets and the U.S. appear poised to recover from last year's economic stumbles, but problems persist for Europe, according to the head of global financial giant UBS.
The International Monetary Fund recently downgraded growth in the euro zone. It now expects the bloc to grow at 1.3 percent in 2019 — lower than its forecast had been six months ago. "What you have to ask yourself is: After years of quantitative easing, is adding more of the same really going to have the same impact on the economy that it did have when they started this? My answer to that is, probably not," Weber said.
As Beijing and Washington inch closer to a trade deal, U.S. President Donald Trump recently took a swipe at the European Union. On Twitter, he called the EU a"brutal trading partner with the United States," and declared that"will change."
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