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1907-Eurozone-Watch.pdf
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🔗 Source: bbvaresearch.com
📊 Size: 520 KB
👤 Author: BBVA
⬇️ Downloads: 137

Summary

Eurozone growth is projected at 1.2% this year and 1.3% next, amid continued weakness in the industrial and external sector. Hard data for 2Q19 was disappointing, with exports failing to recover and the industrial sector showing weakness, although retail sales remained solid. The ECB has strengthened its forward guidance on rates and launched a new TLTRO, and GDP growth is expected to decelerate to 1.1% in 2019 and remain relatively stable in 2020 at 1.2%. Risks are tilted to the downside, with a higher probability of a hard Brexit and high political uncertainty.

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Description

Eurozone growth is projected at 1.2% this year and 1.3% next, amid continued weakness in the industrial and external sector.

Technical Information

  • File Format: PDF
  • File Size: 520 KB
  • Pages: 26
  • Language: EN
  • Author: BBVA
  • Total Downloads: 137
  • Last Updated: 1 week ago

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