Q1’s surprisingly strong gain in euro-zone GDP provided a solid start to the year. But we suspect that the figures overstate the economy’s underlying pace of expansion and there is a clear risk of a further slowdown ahead. Accordingly, we are not minded to alter our view that the euro-zone economy will disappoint expectations in 2016 as a whole.
Meanwhile, negotiations between Greece and its creditors came up against further obstacles last week that have made the situation feel increasingly like a replay of the events that almost led Greece to exit the euro-zone this time last 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