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03.11.2023 / Erste Group Research

EZ GDP forecast 2024 lowered

Eurozone GDP decreased by 0.1% q/q in 3Q23. At the country level, Germany in particular was responsible for the continued economic weakness in the Eurozone.

Sentiment data results have still not shown any improvement for October. The Eurozone economy is currently lacking a decisive growth stimulus. Global trade in goods is still in a downward trend, from which Europe's largest economy, Germany, is suffering particularly badly.

In our view, the economic weakness in the Eurozone will last longer than expected, due to these numerous factors. We are therefore lowering our GDP forecast for 2024 from 1.2% previously to 0.9%.

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Základní informace

AutorErste Group Research
Datum03.11.2023
Jazyken
Název produktuWeek ahead
Hlavní témaMakro/Úrokové sazby
Zaostřeno na ekonomikuEurozóna, Spojené Státy
Zaměřeno na měnuAmerický dolar, Euro
Zaměřeno na sektor-
Stáhnout

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