on the 3 yr chart, it looks like the yield on 10 yr bonds (for UK) are coming back down to 0.5% , but not sure how soon. yes that would invert their yield curve.
and yes, it looks like parts of the euro zone are bordering on recession already.
but i am not sure how this works in europe. italy supposedly is entering recession already, even tho they have not had an inverted curve this last year.