The cut to our growth forecast reflects slippage in euro area data. According to Eurostat’s preliminary flash estimate, euro area real GDP expanded by 0.3% q-o-q in Q2 2018 (0.346% q-o-q unrounded, 1.4% q-o-q annualised, 2.1% y-o-y), below consensus expectations (0.4%). This was the weakest growth in two years and comes after a GDP growth of 0.4% q-o-q in Q1. The carryover effect for 2018 reached 1.7 %, meaning that...
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The cut to our growth forecast reflects slippage in euro area data.According to Eurostat’s preliminary flash estimate, euro area real GDP expanded by 0.3% q-o-q in Q2 2018, below consensus expectations. This was the weakest growth in two years and is down slightly from GDP growth of 0.4% q-o-q in Q1.Following today’s GDP growth data and recent economic indicators, we have revised down our GDP growth forecast for 2018. We now expect euro area real GDP to grow by 2.0% on average this year...
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GDP figures have been considerably revised in the euro area and in Switzerland in the wake of Q2 data, leading to mechanical changes in our growth forecasts for this year.Revisions to GDP figures have been massive in the euro area and in Switzerland following the publication of Q2 GDP data. The resultant changes in our forecasts are mechanical, and do not reflect a change in our growth profile for H2 2017 and beyond.Recent data released by Eurostat have resulted in a further upward revision...
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