Eurozone | Soft data point at growth acceleration in Q4, though downward risks prevail
Published on Friday, December 23, 2016 | Updated on Friday, December 30, 2016
Eurozone | Soft data point at growth acceleration in Q4, though downward risks prevail
Summary
Our MICA-BBVA model estimates growth to increase to 0.4/0.5% QoQ in 4Q (3Q: 0.3%). Improving confidence proved the EZ resilience after political events since the summer, while data so far suggest a slightly more optimistic outlook for coming months supported by export orders and the depreciation of the euro. However, risks (mostly political) remain tilted to the downside.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Manuel Cabezas
Rodrigo Falbo
BBVA Research - Principal Economist
Agustín García
BBVA Research - Principal Economist
Eduardo Gutiérrez
Miguel Jiménez
BBVA Research - Lead Economist
Fernando Soto
Documents and files
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