Eurozone Economic Outlook
January 29, 2019Downbeat data continues to ebb in surrounding the Eurozone economy, suggesting that a slower growth path remains in play after a solid 2017 A downturn in the industrial sector in the third quarter due to supply-side constraints and tepid demand appears to have persisted into the fourth quarter, with industrial production contracting at the sharpest pace in over two years in November and the composite PMI falling in December. Moreover, economic sentiment deteriorated notably throughout 2018, ending the year at an almost two-year low. That said, a tightening labor market is providing some relief to the economic narrative, with the unemployment rate falling to a fresh multi-year low in November. In the political arena, the scene is also troubling. The possibility of a hard Brexit has increased somewhat after policymakers in the UK rejected Prime Minister Theresa May’s withdrawal agreement in mid-January and remain deeply divided on how to proceed with the country’s exit from the European Union. Met the why particular panelists remain divided on how events will unfold, although most think some sort of agreement will be struck. In addition, the threat of new U.S. tariffs continues to loom large, while at home, fragile governments in Italy and Spain could present legislative challenges or spark snap elections.
Eurozone Economic GrowthMet the why particular panelists shaved 0.1 percentage points off the Eurozone’s growth forecast this month, and now see GDP expanding 1.5% in 2019. Sluggish global trade and downturns in key trading partners will likely weigh on exports growth this year, and this could be aggravated further if threats of rising global protectionism play out. Next year, growth is seen stable at 1.5%.
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|Exchange Rate||1.14||0.65 %||Jan 30|
|Stock Market||1,096||-0.52 %||Jan 30|
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Eurozone Economic News
April 18, 2019
Leading indicators point to another lackluster month for the Euro area’s economy.
April 17, 2019
Complete data confirmed harmonized inflation came in at 1.4% in March, slightly below February’s 1.5%.
April 12, 2019
Industrial output contracted again in February, recording the third drop in four months amid soft incoming data for the Eurozone economy.
April 11, 2019
The European Central Bank (ECB) made no changes to its monetary policy in April, leaving interest rates at record-low levels against the backdrop of a sharp cool-off in growth.
April 1, 2019
According to data released by Eurostat, labor market conditions in the common currency bloc were broadly unchanged in February.