Look for:

Our offer for

Research Detail

2020/03/13 / Erste Group Research

Week ahead | Eurozone in recession

The WHO has declared the worldwide COVID-19 outbreak as a pandemic because of its rapid spread and called on states to take extensive measures to contain the virus. As a result, almost all European countries have started to expand their quarantine measures, some of them drastically, in the course of this week. As a result, we expect the Euro-Zone to slide into recession in the first half of this year. For 2020 as a whole, we expect Eurozone GDP to fall by 0.5%.

The attention of the global financial markets will focus on the Fed's monetary policy decision next week. In our view, the Fed will have to weigh up what makes sense in the medium term and what the markets demand in the short term. We expect a rate cut of 50 basis points - less than the market.


PDF Download Download PDF (275kB)

General information

AuthorErste Group Research
Date2020/03/13
Languageen
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-
Download



Accept

We use cookies and web analysis software to give you the best possible experience on our website. By continuing to browse this website, you consent for these tools to be used. For more details and how to opt out of these, please read our Data protection policy.

INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer