IFO sees slower growth of Eurozone economy

8 Jan 2019 12:27 PM

The IFO says economic growth in the euro area has already slowed down recently. GDP is expected to grow by only 0.3% in the last quarter of 2018 and the first quarter of 2019, with the economy growing by 1.9% throughout 2018.

On the other hand, the Institute expects inflation to reach 2.0% in the last quarter, bringing it closer to the ECB's target of growing by 1.9% and 1.8% in the first and second quarters of 2019. On economic developments, Negative risks facing the country's economy growth in a way to increase, the most prominent of those risks; UK exit from EU, the escalation of trade wars, weak performance of emerging markets, and the volatility of financial markets. The effects of the US Federal Reserve's normalization of monetary policy on the world economy also remain difficult to assess.

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