Eurozone | GDP growth still slows gradually, but high uncertainty could take its toll
Published on Friday, December 21, 2018 | Updated on Monday, December 24, 2018
Eurozone | GDP growth still slows gradually, but high uncertainty could take its toll
Summary
According to our MICA model the Eurozone could grow around 0.4% QoQ in 4T18. However, low global demand and high uncertainty are weighing on activity. Hard data improved during October driven by lower inflation, higher wages, increasing production in capital goods and rise in exports. Nevertheless, confidence indicators are worsening by year end.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Pedro Ezquiaga
Rodrigo Falbo
BBVA Research - Principal Economist
Agustín García
BBVA Research - Lead Economist
Miguel Jiménez
BBVA Research - Lead Economist
María Moraga Fernández