Will the “periphery” continue to outperform?

The outperformance of the peripheral economies since early 2022 is likely to continue over the next year, supported by high immigration, tourism growth and Next Generation EU funding. That said, growth in the periphery will not be particularly strong by historical standards, highlighting that its outperformance is also due to the underperformance of the core.

Note: We’ll be discussing the outlook for the euro-zone in 2025 in a Drop-In on Thursday, 9th January at 10:00 ET/15:00 GMT. Click here to register for the 20-minute online briefing.

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