Eurozone | A shift to more moderate growth with increased downward risks
Published on Tuesday, July 24, 2018 | Updated on Thursday, July 26, 2018
Eurozone | A shift to more moderate growth with increased downward risks
Summary
Confidence seem to level off pointing to a steady growth in 2H18. The 1Q18 slowdown in activity added to increasing uncertainty and higher commodity prices lead us to slash GDP growth forecasts to 2% and 1.7% in 2018-19. Higher oil prices and a weaker euro increase our headline inflation forecasts to 1.7% and 1.8% for this year and next. Trade war risks have intensified.
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- Europe
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- Macroeconomic Analysis
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Authors
Rodrigo Falbo
BBVA Research - Principal Economist
Agustín García
BBVA Research - Lead Economist
Miguel Jiménez
BBVA Research - Lead Economist
Iñaki Martínez
María Moraga Fernández
Fernando Soto