The highlight from the eurozone last week was the European Commission’s forecasts which predicted there would be a slowdown in growth across the eurozone over the next couple of years. Trade wars, rising geopolitical tensions and higher oil prices are all likely to have a negative impact on growth in the future.
Economic growth predictions showed that the UK will be at the bottom of the growth table by 2020 and will be joint-bottom with Italy next year. Let’s hope that prediction doesn’t turn out to be right. It was quiet in the eurozone on Friday, but this week promises to be extremely busy. We could see some euro movements, especially if the German GDP growth rate figures are disappointing like many are predicting.
Extremely quiet for economic data today, but tomorrow we will see the German ZEW economic sentiment index for November. It is expected to fall even further back as trade war fears continue to affect business confidence. The same release for the eurozone is on the schedule too, while Wednesday is a big day, with the German GDP growth rate set for release.
