Economic Analysis - Key Themes For Europe In 2018 - FEB 2018

Following a stellar year for economic growth across Europe in 2017, broadly speaking we expect to see a moderation in 2018. This will come at a pivotal time for the European Union as it seeks to push forward with an ambitious reform agenda, yet faces hurdles including Brexit, rising tensions between Brussels and Eastern Europe, and rising euroscepticism in Italy. Further east, a window of opportunity for reform is opening in Russia, while the Central Asian states which are undertaking reform and opening up to foreign investment are set for outperformance. We highlight three overarching themes in Europe for 2018:

  • Growth To Cool

  • Inflection Point For EU

  • Consensus Still Climbing
    Eurozone - 2018 Real GDP Growth Forecast, %
    Source: FocusEconomics, BMI

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