
Macro - Country Economic Forecasts - Eurozone
Description
Macro - Country Economic Forecasts - Eurozone
We have raised our 2023 eurozone GDP growth forecast by 0.2ppts to 0.8%. However, we've cut our outlook for 2024 by 0.3ppts to 1% growth as a consequence of the lagged impact from tighter financing conditions. Our base case remains that the eurozone will avoid a systemic banking crisis, but we will closely monitor volatility in market sentiment over the coming months.
We have raised our 2023 eurozone GDP growth forecast by 0.2ppts to 0.8%. However, we've cut our outlook for 2024 by 0.3ppts to 1% growth as a consequence of the lagged impact from tighter financing conditions. Our base case remains that the eurozone will avoid a systemic banking crisis, but we will closely monitor volatility in market sentiment over the coming months.
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