The latest euro-zone data have brought signs of a slowdown in activity in the services sector compared to that in manufacturing. But we suspect that the slowdown in services will be modest. After all, the very high level of consumer confidence and a gradual pick-up in wage growth should keep consumer spending growth fairly strong. The upshot is that we still forecast euro-zone GDP to rise by a healthy 2% in 2018.
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