The latest data for 2016 suggest somewhat of an uptick in growth toward the end of the year. Yet we expect Euro Area growth to somewhat moderate in 2017 and UK growth to slow down significantly amid Brexit-induced effects as well as a generally maturing business cycle.
The Conference Board Economics Watch® European View
The Conference Board Economics Watch® European View
Global Economic Analysis
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Amid market unrest related to some of Europe’s biggest banks, bank lending to corporations continues to improve, creating hope for higher investment rates in the coming months. Inflation also shows signs of life. Despite the good news for the end of 2016, we expect Euro Area growth to moderate in 2017 and significantly slow down in the UK.
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