European Economics

European Data Response

31 January, 2019

Euro-zone GDP (Q4) & Unemployment (Dec.)

Q4’s GDP growth rate of 0.2% will do nothing to reassure policymakers about the outlook for this year. We think growth will be only around 1.0% in 2019, and even this would require a slight pick-up from Q4. So the ECB will have no choice but to cut its GDP growth forecasts soon.

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