Monday, June 21, 2021
23.1 C
Abuja
Monday, June 21, 2021

Eurozone: Risks tilted to the downside for the 8% 3Q GDP growth forecast – Wells Fargo

Must read

I’ll be there for you: 4 ways your personal finances are made better by your friends

The young girl sounded both excited and nervous. She was soon joining a prestigious management school. Among the many questions she had, one was...

The precarious fate of African footballers in Europe after their game ends

Think of your favourite former male football player from Europe. You probably remember beautiful goals, unbelievable saves, fighting spirit. What...

“African woman gives birth to 10 babies”: Guateng ‘Gosiame Thamara Sithole decuplets’

9 June 2021Wia dis foto come from, AFRICAN NEWS AGENCY South African woman, Gosiame Thamara Sithole wey give birth to 10 babies go break...

Following a slump in the Eurozone economy during the first half of the year, activity data and confidence surveys during the late spring and over the summer showed a relatively quick initial rebound, point out analysts at Wells Fargo. They point out that while policy fundamentals still appear supportive for growth, a renewed increase in COVID-19 cases and a softening in recent data have raised some concerns. 

Key Quotes: 

“We believe that underlying policy fundamentals remain growth supportive, with Italy, France and Germany among the countries announcing further fiscal stimulus in recent months. We also believe European governments will be hesitant to re-impose the widespread, large-scale lockdown measures seen earlier this year. That said, with less confident businesses and households, and the potential imposition of further partial restrictions present downside risks to our outlook for the Eurozone.”

“The risks to our GDP growth outlook of 8% quarter-over-quarter for Q3-2020 and our longer-term forecast of a 5.3% increase for calendar year 2021, are both tilted to the downside. There is also a risk that the euro appreciates even more gradually than we currently expect over the medium-term.”
 

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

I’ll be there for you: 4 ways your personal finances are made better by your friends

The young girl sounded both excited and nervous. She was soon joining a prestigious management school. Among the many questions she had, one was...

The precarious fate of African footballers in Europe after their game ends

Think of your favourite former male football player from Europe. You probably remember beautiful goals, unbelievable saves, fighting spirit. What...

“African woman gives birth to 10 babies”: Guateng ‘Gosiame Thamara Sithole decuplets’

9 June 2021Wia dis foto come from, AFRICAN NEWS AGENCY South African woman, Gosiame Thamara Sithole wey give birth to 10 babies go break...