Eurozone | Steady growth supported by domestic demand, with signs of global headwinds
Published on Friday, September 21, 2018 | Updated on Friday, September 21, 2018
Eurozone | Steady growth supported by domestic demand, with signs of global headwinds
Summary
After the deceleration in Q1, Eurozone GDP growth remains steady at +0.4% q/q thanks to resilient domestic demand. However, industrial output has weakened and leading indicators signal lower volume of export orders due to potential downside effects from increased protectionism. Inflation remains subdued. Risks are related to a cliff-edge Brexit and Italy's fiscal policy.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Rodrigo Falbo
BBVA Research - Principal Economist
Agustín García
BBVA Research - Lead Economist
Miguel Jiménez
BBVA Research - Lead Economist
Iñaki Martínez
María Moraga Fernández