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Eurozone | Downward GDP growth revision due to increasing uncertainty and global headwinds

Published on Wednesday, January 30, 2019 | Updated on Wednesday, January 30, 2019

Eurozone | Downward GDP growth revision due to increasing uncertainty and global headwinds

The EZ growth slowed more than expected in 2H18 as easing global support was exacerbated by one-off factors. This along with increasing uncertainty led us to revise downwards growth to 1.4% in 2019-20, but domestic factors remain solid underpinned by lower oil prices and accommodative policies. Risks are tilted to the downside, mostly related to political issues

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