Global Macro Service > Research Briefings > Eurozone

The fundamental strength of the domestic economy

Lost among the prevalent doom and gloom narrative regarding the eurozone at present is the fact that macro fundamentals still point towards a strong domestic economy in 2019. Tighter labour markets will mean stronger wages across the continent, which combined with lower inflation should be a boon to households’ real incomes. Public spending will also provide a modest impulse to growth while the outlook for fixed investment also remains moderately positive amid solid credit dynamics and strong activity in the construction sector.

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