Eurozone Economic Outlook
December 22, 2017The Eurozone economy is enjoying its brightest growth spell in over a decade. GDP continued to expand buoyantly in Q3, supported by solid investment and healthy overseas sales. Tailwinds from faster global growth, an improving labor market and record-low interest rates remain in place, and incoming figures for Q4 point to another period of fast expansion. The unemployment rate fell in October, and economic sentiment rocketed to the highest level since October 2000 in November. Furthermore, the flash manufacturing PMI hit a record high in December. A breakthrough deal between the EU and the UK, reached in December, has paved the way for trade talks and discussions over the future relationship. The deal averts a hard border with Ireland; it is a solid step towards reducing the uncertainty generated by the Brexit vote. While the progress bodes well, several difficult issues need to be tackled in the upcoming year to ensure a deal can be struck before the UK exits in March 2019.
Eurozone Economic GrowthGrowth is expected to remain strong next year, albeit decelerate somewhat from 2017’s brisk pace. Although the economy will have to contend with several political hurdles next year, including elections in Italy, it appears unlikely that they will derail the strong momentum. Met the why particular analysts project that GDP will expand a solid 2.1% in 2018, which is up 0.1 percentage points from last month’s forecast. In 2019, GDP is forecast to grow 1.8%.
Eurozone Economy Data
5 years of Eurozone economic forecasts for more than 30 economic indicators.
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|Exchange Rate||1.18||0.65 %||Dec 06|
|Stock Market||1,225||-0.52 %||Dec 06|
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Eurozone Economic News
December 18, 2017
Complete data released by Eurostat on 18 December confirmed that harmonized inflation was 1.5% in November, a notch above October’s 1.4% reading.
December 14, 2017
Leading data suggests that the Euro area’s economy ended the year on a positive note.
December 14, 2017
The European Central Bank (ECB) decided to maintain its policy rates at their current levels on 14 December, a decision widely expected by markets.
December 12, 2017
Activity in the industrial sector recovered in October, after recording the largest contraction since December 2016 in September.
December 7, 2017
The third estimate of GDP released by Eurostat confirmed that the economy continued to roar ahead in the third quarter.