Global Macro-Market Outlook
Eurozone Outlook Update: Sharp Slowdown Ahead
Aug 17, 2011
| Last Updated
Even if regarded in conjunction with the strong Q1 reading of 0.8% q/q, the flash Q2 GDP estimate of 0.2% q/q confirms the sharp slowdown underway in the eurozone (EZ), including in core economies.
Leading indicators point to slow but positive growth in core countries in H2, whereas the periphery is at high risk of renewed contraction in view of domestic, regional and global headwinds.
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