Eurozone | Upward revision of GDP with a broad-based recovery
Published on Wednesday, July 19, 2017 | Updated on Monday, July 24, 2017
Eurozone | Upward revision of GDP with a broad-based recovery
Summary
Our MICA-BBVA model suggests that GDP growth could have improved again in 2Q (0.7% QoQ) as strong confidence has been met by better hard data. We have revised upwards GDP forecast for 2017 (by 0.3pp to 2.0%), though we continue to expect some moderation for 2018 (1.7%). The ECB is expected to embark in a gradual normalization of monetary policy. Political risk has eased.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Manuel Cabanillas
Manuel Cabezas
Rodrigo Falbo
BBVA Research - Principal Economist
Agustín García
BBVA Research - Lead Economist
Miguel Jiménez
BBVA Research - Lead Economist
Fernando Soto