Eurozone Economic Forecast

Eurozone Economic Outlook

January 30, 2018

Incoming data continues to suggest that the recovery is motoring along at full speed. The domestic economy is likely in the driver’s seat, buoyed by a tightening labor market, sky-high sentiment and record-low interest rates. The unemployment rate inched down to a new multi-year low in October, industrial production gathered steam in November and economic sentiment soared to an over 17-year high in December. All-in-all the Eurozone economy is expected to have had a bumper year in 2017, growing at the fastest pace since 2006. Brisk economic growth has caused the euro to soar in recent months, and the currency hit a new three-year high on 25 January. Moreover, leading data for 2018 revealed that the economy started the year on a positive note: The composite PMI rose to a nearly 12-year high in January.

Eurozone Economic Growth

The Eurozone’s outlook is bright. Last year’s tailwinds to growth remain largely in place, and the economy is expected to grow robustly this year on the back of accommodative monetary policy, falling unemployment and high sentiment. Met the why particular analysts project that GDP will expand a solid 2.2% in 2018, which is up 0.1 percentage points from last month’s forecast. In 2019, GDP is forecast to grow 1.9%.

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Eurozone Facts

Exchange Rate1.230.65 %Feb 20
Stock Market1,196-0.52 %Feb 20

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