Published on Wednesday, January 30, 2019 | Updated on Wednesday, January 30, 2019
Eurozone | Downward GDP growth revision due to increasing uncertainty and global headwinds
Summary
The EZ growth slowed more than expected in 2H18 as easing global support was exacerbated by one-off factors. This along with increasing uncertainty led us to revise downwards growth to 1.4% in 2019-20, but domestic factors remain solid underpinned by lower oil prices and accommodative policies. Risks are tilted to the downside, mostly related to political issues
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Authors
SD
Sumedh Deorukhkar
BBVA Research - Senior Economist
PE
Pedro Ezquiaga
RF
Rodrigo Falbo
BBVA Research - Principal Economist
AG
Agustín García
BBVA Research - Principal Economist
MJ
Miguel Jiménez
BBVA Research - Lead Economist
MM
María Moraga Fernández