Eurozone: 2017 surprised on the upside - ING
|Analysts at ING see continued strong performance of Eurozone, thanks in part to a generous supply of money and suggests that we could even see a further acceleration of growth from here.
Key Quotes
“About a year ago, sentiment about the Eurozone was downbeat. People were still reeling from the UK decision to leave the EU and the US Presidential elections caused a lack of trust in political polling. This led to EU disintegration risk to top the list of investor worries with many Eurozone elections ahead.”
“About a year later, things look very different. Europe’s most boring election, in Germany, actually seems to have resulted in the largest uncertainty of all. Most governments formed have either maintained previous positions on Europe or become more euro-minded.”
“With so much focus on politics, acceleration of economic indicators went almost unnoticed at first. But a strengthening job market, weak inflation, exports profiting from improving global growth and decade highs for consumer confidence are causing the Eurozone economy to accelerate. This year, we expect GDP growth to come in at 2.3%, which would be a tie for strongest growth in a decade. There are few signs pointing to a slow start of 2018 either. We, therefore, expect growth at 2.2% in 2018, well above trend.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.