The following represents a general Table of Contents outline for the Eurozone Weekly Economic Briefing.
The actual report may cover any or all of the topics listed below.
Eurozone Weekly Economic Briefings
- Lead Article:
Two to five page briefing headed by a synopsis of events-driven analysis for the week, which highlights most recent data releases, and political and economic developments.
- Historical, forecast, and analytical charts and graphs support the lead article.
Country specific and/or Eurozone charts include the most relevant indicators and exemplify any changes in the outlook.
The historical charts typically offer a 10 to 15 year time series and cover headline and other relevant indicators including GDP, employment, inflation, exchange rate changes, consumer and business confidence, developments in the capital markets, the composition of sovereign debt including amortization schedules and changes in yields, economic outlook by sector, etc.
The forecast charts typically look out to four years ahead.
In addition, analytical graphics clearly present empirical evidence supporting the text.
- Latest Data in Detail:
One to two pages of summary analysis and associated graphics that offer a 10 to 15 year snapshot of the week’s data releases. .
- The Week Ahead:
A chart of scheduled data releases including the last release and consensus forecast.
- Key Indicators:
Eurozone table showing monthly percentage changes for the past year for the following:
Industrial production; unemployment; CPI; business and consumer confidence; and trade.
- Financial Indicators:
Eurozone table showing monthly percentage changes for the past year for interest and exchange rates, money supply, share price indices and net foreign direct investment.
With the second programme review currently stalled, Greece briefly returned to crisis territory this week after the IMF took the unusual step of conceding that its board was split over the findings of the latest Article IV survey which concluded that Greek debt was unsustainably high. Having spiked above 10% on Thursday, Greek 2-year bonds have since recovered amid reports that there is now a deal on the table to conclude the second programme review. It is therefore tempting to view the latest spate of headlines as simply another twist in the long running Greek saga; we have, after all been here many times before. However, the election of a new administration in the US has fundamentally altered the rules of the game. Faced with a more combative US administration, there is no way the EU can contemplate the failure of the current programme or a Greek exit from the euro area.