The EU Commission revised its 2017 Euro-zone GDP growth forecast marginally higher
SGM-FX Tue 14 Feb 2017
The EU Commission revised its 2017 Euro-zone GDP growth forecast marginally higher to 1.6% from 1.5% previously, although this was still lower than the 2016 outcome and the underlying tone remained generally downbeat with a high degree of uncertainty over both domestic and US developments.
The inflation forecast for this year was revised higher to 1.7% from 1.4% previously, but with an expected slowdown to 1.4% in 2018 and still below the ECB target.
Related Insights
Daily Brief – Uncertainty and GBP
Humphrey Percy
Fri 21 Mar 2025
Uncertainty and GBP This is the word that dominates market thinking at present. No surprise that like the US Federal Reserve, the Bank of England left UK interest rates unchanged with that uncertainty overshadowing all markets plus the expectation of UK inflation rising from its current 3% rather than falling to the target of 2%. […]
Daily Brief – OECD
Humphrey Percy
Wed 19 Mar 2025
OECD The Organisation for Economic Co-operation and Development slashed their forecast for 2025 EU growth this week from 1.3% to 1.0%. Germany with slated growth of just 0.4% down from 0.7% was described with a rare touch of OECD humour as the weakest link. While better described as the prime culprit, the effect of flaccid […]
Daily Brief – US Dollar
Humphrey Percy
Mon 17 Mar 2025
US Dollar Uncertainty in the USA caused by a consequential cocktail of on off on tariffs, inflation concerns, derailed interest rate policy, federal spending and higher taxes is outweighing the safe haven status of the Dollar. In more normal times, the Ukraine ceasefire brinkmanship between Russia and the USA would drive up the USD. Instead, […]
