Eurozone | Growth moderation has continued in Q2 and headline inflation has shot up
Published on Monday, June 25, 2018 | Updated on Tuesday, June 26, 2018
Eurozone | Growth moderation has continued in Q2 and headline inflation has shot up
Summary
The Eurozone could grow at about 0.4% QoQ in the second quarter after a similar figure in 1Q18, according to our BBVA-MICA model. This poses a downward bias to our 2.3% growth forecast for 2018. Inflation accelerated rapidly in May (1.9%) due to higher commodity prices and the euro depreciation, but the core component has progressed as expected to 1.3%.
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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
Fernando Soto