Eurozone | Upward surprise in GDP in 1Q16, with transitory factors playing a key role
Published on Friday, April 29, 2016
Eurozone | Upward surprise in GDP in 1Q16, with transitory factors playing a key role
Summary
Growth in the Eurozone accelerated by 0.3 pp. to 0.6% QoQ, in contrast with the 0.4% expected, but despite the upward surprise we continue to be cautious because it is partly due to transitory factors, which could revert in 2Q16. Even so, these data reinforce our slightly more optimistic than Consensus growth forecasts for 2016, 1.6%.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- GDP
- Economic growth
Authors
Agustín García
BBVA Research - Principal Economist
Miguel Jiménez
BBVA Research - Lead Economist
Eduardo Gutiérrez
Documents and files
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