Eurozone | Higher growth and more subdued inflation in 2017-18
Published on Tuesday, October 24, 2017 | Updated on Monday, October 30, 2017
Eurozone | Higher growth and more subdued inflation in 2017-18
Summary
Our MICA-BBVA model suggests a steady growth in 3Q17 (0.6% QoQ). We revised upwards growth forecast to 2.2% in 2017 and 1.8% in 2018 driven by strong data and domestic factors, although political uncertainty is high. Headline inflation forecasts are revised slightly down to 1.5% in 2017 and 1.2% in 2018. The ECB is likely to embark in a gradual normalization in early 2018.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Manuel Cabezas
Rodrigo Falbo
BBVA Research - Principal Economist
Agustín García
BBVA Research - Lead Economist
Miguel Jiménez
BBVA Research - Lead Economist
Fernando Soto
Documents and files
Report (PDF)
Eurozona-Mayor-crecimiento-e-inflacion-mas-moderada-en-2017-18
Spanish - October 24, 2017
Report (PDF)
Eurozone-Higher-growth-and-more-subdued-inflation-in-2017-18
English - October 24, 2017