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The economy has come to a standstill
It seems that not much has to happen to push the eurozone into recession. According to the flash estimates, the economy shrank by 0.1% in
The Eurozone Is Flirting With Recession
Summary
- Eurozone growth turned negative in the third quarter and the next two quarters don’t look very promising either.
- With inflation declining, the case for an additional rate hike is disappearing.
- Overall, the downtrend in inflation is likely to continue, though not in a straight line, and we still expect inflation to average 3% in 2024.
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