The Conference Board Economics Watch® European View: October 2019

The Conference Board, Inc., 8 pages, November 5, 2019
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Growth in Europe will be slow but resilient in 2020 and beyond.

Document Highlights

The Conference Board Leading Economic Index® for the Euro Area casts away recession fears. GDP growth will be 1.3 percent in 2019 and 2020. In contrast, a downturn is expected in the UK. While manufacturers continue to face strong headwinds in coming months, consumers remain positive. More Euro Area consumers currently think it is a good time to spend. The long-term outlook for the Euro Area shows a slow-moving but resilient economy, with growth expected to be 1.4 percent in the 2020-24 period, and 1.1 percent in the 2025-29 period.

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