Published on Monday, April 15, 2019 | Updated on Friday, April 26, 2019
Eurozone | More protracted weakness to cause lower growth in 2019, some recovery in 2020
Summary
GDP forecasts revised down to 1.0% in 2019 and 1.3% in 2020 driven by global headwinds and a delay in the recovery. The strength of domestic factors along with accommodative monetary policy should continue to underpin consumption and investment, while fiscal policy is slightly more expansive. The most imminent risks remain Brexit and protectionism.
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- Europe
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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