Published on Friday, September 21, 2018 | Updated on Friday, September 21, 2018
Eurozone | Steady growth supported by domestic demand, with signs of global headwinds
Summary
After the deceleration in Q1, Eurozone GDP growth remains steady at +0.4% q/q thanks to resilient domestic demand. However, industrial output has weakened and leading indicators signal lower volume of export orders due to potential downside effects from increased protectionism. Inflation remains subdued. Risks are related to a cliff-edge Brexit and Italy's fiscal policy.
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- Europe
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- Macroeconomic Analysis
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Authors
RF
Rodrigo Falbo
BBVA Research - Principal Economist
AG
Agustín García
BBVA Research - Lead Economist
MJ
Miguel Jiménez
BBVA Research - Lead Economist
IM
Iñaki Martínez
MM
María Moraga Fernández