Better Times Lie Ahead for Euro-Area Economic Growth
The euro-area economy expanded just 0.1% in the final three months of 2019, a weak performance that caught forecasters by surprise, but it’s not yet a reason to panic, according to Bloomberg Economics. Activity indicators, such as the PMI and Sentix surveys, suggest brighter times lie ahead and BE sees euro-area growth recovering this quarter. A potential trade flare-up between the U.S. and the EU is the main risk to the outlook, with the latest developments on the coronavirus also warranting careful monitoring.
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