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Euro Zone Fiscal Stimulus in 2021 Actually Beats U.S., UBS Says

Pedestrians crowd Rue Montorgueil ahead of a new lockdown in Paris, France, on Friday, March 19, 2021. French President Emmanuel Macron is locking down several regions including the Paris area, slowing down the country’s economic recovery as it struggles to contain a third wave of the coronavirus epidemic.Photographer: Cyril Marcilhacy/Bloomberg
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Contrary to conventional wisdom, the euro zone will benefit more from fiscal stimulus this year than the U.S., according to UBS Group AG.

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