Fiscal Balance in Eurozone
Eurozone - Fiscal BalanceIncoming data suggests that the Eurozone economy continued to grow steadily in the third quarter, although the pace of growth has levelled off notably this year after a stellar 2017. A tightening labor market and accommodative monetary policy are driving a solid recovery, reflected by the unemployment rate falling to a fresh multi-year low in August. That said, a firm euro and slowdown in global trade are weighing on the region’s exports, while data for the manufacturing sector has also been weak. Although industrial production broke a string of contractions and returned to growth in August, the composite PMI edged down in September, which suggests that the improvement was short-lived. Meanwhile, politics continues to cloud the currency bloc’s economy. In October, Italy’s unconventional coalition government unveiled a costly populist budget, setting the country up for a clash with the European Commission as it breaks the country’s agreement to rein in the fiscal deficit. In addition, Brexit negotiations continue to drag on, with the latest round of talks in October failing to result in an agreement.
Eurozone - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-3.0||-2.6||-2.1||-1.5||-0.9|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.14||0.65 %||Nov 09|
|Stock Market||1,119||-0.52 %||Nov 09|
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October 31, 2018
According to preliminary data released by Eurostat on 31 October, harmonized inflation came in at 2.2% in October, up from September’s 2.1%.
October 31, 2018
According to data released by Eurostat, labor market conditions in the common currency bloc were broadly stable in September.
October 30, 2018
The Eurozone economy lost traction in the third quarter, growing at the slowest pace since Q2 2014.
October 25, 2018
At its 25 October monetary policy meeting, the European Central Bank (ECB) decided to leave its main interest rates unchanged, reaffirming its commitment to end its quantitative easing (QE) program by the end of the year—provided that incoming data plays out as expected.
October 17, 2018
According to complete data released by Eurostat on 17 October, harmonized inflation came in at 2.1% in September, matching the preliminary estimate.