February 2016

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Dangerous slowdown in Europe..

Unfortunately, this now seems to have been a false dawn. The latest nowcasts show eurozone growth at only 0.8 per cent, compared to 2.3 per cent in late 2015. This result is substantiated by other similar tracking models – for example, the Goldman Sachs “Retina” model now estimates that growth is running at only 0.4 per cent annualised. Eurozone growth has therefore now dropped to below that in the US, even though the latter has remained disappointing at only around 1.0 per cent.

Global slowdown spreads to the eurozone | Gavyn Davies