The strong pick-up in euro-zone GDP in Q1 brought further evidence that the region is performing well compared to the slowing US and UK economies. Admittedly, part of the 0.8% quarterly increase reflected temporary factors, which might be unwound in Q2. But Q1’s strength certainly provides a solid platform for growth in 2008 as a whole. And with survey measures such as the EC’s Economic Sentiment Indicator still pointing to a fairly moderate slowdown we maintain our above-consensus forecast for solid average GDP growth of 1.7% this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services