1. Market Research

Country Economic Forecasts > Eurozone

  • May 2017
  • 10 pages
  • Oxford Economics
Report ID: 1907556

Summary

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The
ongoing strength of survey data, combined with the improving export outlook and
decline in political uncertainty, has led us to raise our Eurozone GDP growth
forecast for 2017 from 1.7% to 1.9%, and an even stronger result should not be
ruled out. Although the 0.5% rise in GDP in Q1 was not as
strong as the business surveys had suggested, it marked a solid start to the
year and, given that the surveys have strengthened further in the early stages
of Q2, a pick-up in growth this quarter is quite possible, particularly if
global trade continues to improve.


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