Greg Fuzesi and Allan Monks  join Nora Szentivanyi to discuss the nascent recoveries in the Euro area and UK,  their varied implications for inflation and expectations for monetary policy easing. Despite raising our sights on Western European growth in recent weeks, we continue to expect the ECB to begin easing in June and the Bank of England from next quarter. A backdrop of a sustained sub-par performance lowers the bar to start the easing process. But the improvement in current growth prospects presents a stickier inflation challenge for the BoE than the ECB. This is reflected in our inflation outlook which sees Euro area core inflation sliding towards 2-2.5%ar, but UK core inflation consolidating  near 3%ar in coming quarters.    This podcast was recorded on May 1, 2024. This communication is provided for information purposes only.  Institutional clients can view the related reports at  https://www.jpmm.com/research/content/GPS-4669640-0 https://www.jpmm.com/research/content/GPS-4682031-0 https://www.jpmm.com/research/content/GPS-4683574-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.