Eurozone | More moderate growth with higher uncertainty
Published on Friday, May 25, 2018
Eurozone | More moderate growth with higher uncertainty
Summary
Growth slowed in 1Q18 to 0.4% QoQ, more than expected. Hard data picked up somewhat in March, but sentiment data continues to be hesitant up to May. Our BBVA-MICA model projects growth to remain around 0.4% in 2Q18, and imply a downward bias on our 2.3% annual GDP growth projection.
Geographies
- Geography Tags
- Europe
Topics
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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
Fernando Soto