Eurozone | Slight downward GDP revision, but recovery on track
Published on Wednesday, May 11, 2016 | Updated on Friday, May 13, 2016
Eurozone | Slight downward GDP revision, but recovery on track
Summary
We have revised our GDP growth forecasts for 2016-17 slightly downwards to 1.6% and 1.9%, respectively, due to a still weak global demand together with a somewhat stronger euro and ever decreasing support from commodity prices, which are not being offset by the new easing of monetary policy and the marginally expansive fiscal policy. The risks are tilted to the downside.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Manuel Cabezas
Agustín García
BBVA Research - Principal Economist
Eduardo Gutiérrez
Miguel Jiménez
BBVA Research - Lead Economist
Documents and files
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