Eurozone Growth Surprises To The Upside In Q124, But Return To Trend Remains Unlikely Over Short Term
Country Risk / Europe / Tue 30 Apr, 2024
Key View
- The flash estimate for eurozone Q124 real GDP showed an expansion of 0.3% q-o-q (BMI forecast and Bloomberg consensus: 0.1%), with growth having surprised to the upside in the region’s major economies.
- We forecast that eurozone real GDP growth will accelerate from 0.5% in 2023 to 0.9% in 2024 and 1.4% in 2025.
- Inflation relief will boost