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Macro - Country Economic Forecasts - Eurozone

Publisher Oxford Economics
Published May 16, 2022
Length 7 Pages
SKU # OFE17169736

Description

Macro - Country Economic Forecasts - Eurozone

We have lowered our 2022 GDP growth forecast for the eurozone by 0.1ppt to 2.7%, as a result of the ongoing Ukraine conflict which is having an acute impact on the region. Data released so far show the industrial sector being hit hardest, with industrial production at the aggregate level dropping by around 2% in March. Moreover, flash GDP data showed that the eurozone economy expanded by only 0.2% in Q1, broadly in line with our expectations. We continue to see a period of high inflation and supply-side issues.

Table of Contents

7 Pages
Eurozone: War, inflation, a weaker industrial sector jolt 2022 outlook
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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