Research Detail
| 2023/11/03 / 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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General information
| Author | Erste Group Research |
| Date | 2023/11/03 |
| Language |  |
| Product name | Week ahead |
| Topic in focus | Macro/ Fixed income |
| Economy in focus | Eurozone, United States |
| Currency in focus | Euro, US Dollar |
| Sector in focus | - |
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