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Macro - Country Economic Forecasts - Eurozone

Publisher Oxford Economics
Published Mar 09, 2022
Length 7 Pages
SKU # OFE17034030

Description

Macro - Country Economic Forecasts - Eurozone

We are lowering our forecast for the eurozone economies in light of Russia's invasion of Ukraine. The speed at which events are unfolding means that uncertainty remains extremely high, with risks skewed to the downside. Our new projections see a combination of higher-for-longer inflation and lower growth, mainly via more-subdued consumption. Eurozone GDP growth in 2022 will be close to 3%, but given a carryover from last year of around 2%, our forecast is hardly robust. Moreover, we have raised our view on inflation to 4.8% in 2022 from 3.9% previously to reflect higher oil and gas prices.

Table of Contents

7 Pages
Eurozone: Starting to feel the impact from the war in Ukraine
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy

Pricing

Currency Rates
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