Eurozone | Unchanged forecast of steady moderate growth, but downward risks are mounting

Eurozone GDP growth has stabilized at lower levels and remains robust on strong domestic demand. We maintain our forecasts unchanged at 2.0% for 2018 and 1.7% for 2019, but leading indicators have moderated, raising concerns about sustained growth in a context of monetary policy normalization, strains on Brexit and Italy's budget and the risk of an intensified trade war.

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