Published on Thursday, April 19, 2018 | Updated on Monday, April 23, 2018
Eurozone | Solid growth and broadly unchanged projections, with protectionist risks
Summary
Confidence weakened in 1Q18 and hard data start to reflect this softer mood, although fundamentals remain robust. We keep our growth forecasts broadly unchanged, reaching 2.3% in 2018 and 1.8% in 2019. Inflation is expected to hover around 1.5% during 2018-19 but increasing gradually, driven by core components. Risks are tilted to increased protectionism.
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- Europe
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- Macroeconomic Analysis
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- Economic growth
- forecasts
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Authors
RF
Rodrigo Falbo
BBVA Research - Principal Economist
AG
Agustín García
BBVA Research - Principal Economist
MJ
Miguel Jiménez
BBVA Research - Lead Economist
IM
Iñaki Martínez
FS
Fernando Soto