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2022/07/01 / Erste Group Research
Week Ahead

Downside risks for the economy increase

Already last week, the PMI survey data in manufacutring and in services showed unexpectedly heavy gloominess. Moreover, this week, consumer confidence in the Eurozone fell to a low level similar to that seen at the beginning of the pandemic outbreak in early 2020.

Against this backdrop, the downside risks to the Eurozone economic outlook have increased sharply in recent weeks. With leading indicators weakening at the global level as well, the downward pressure on Eurozone growth is further intensified.

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General information

AuthorErste Group Research
Product typeweekly / bi-weekly
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Market cap-
AvailabilityAll [1]


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