Research Briefing | Jan 17, 2022

European Industry offering some hope for a better year ahead

Eurozone | Industry offering some hope for a better year ahead

Strong industrial production numbers for November offer some hope that the worst is over, supporting our view of a gradual resolution of supply-side issues. Moreover, the strong gains in Spain and Italy could very likely result in some positive surprises for Q4 GDP.

What you will learn:

  • But the bigger picture is of a slowing eurozone economy in Q1, with a series of downside risks to our call of pick-up from Q2.
  • In particular, a big chunk of our forecast for 2022 continues to rest heavily on the shoulders of consumers and specifically on normalizing saving ratio.
  • But the latter could be heavily affected by the evolution of the pandemic and behavioural shifts among consumers.
Back to Resource Hub

Related Services

Tokyo, Japan

Post

BoJ to look through a temporary decline in monetary base

The Bank of Japan (BoJ) left monetary policy unchanged at today's (22nd Sep) meeting, maintaining current short- and long-term interest rates, despite another wave of yen weakening and upward pressures on JGB yields. 

Find Out More

Post

Global: Worried businesses see almost 50% chance of recession

Businesses continue to downgrade their expectations for the global economy, based on our latest survey of risk perceptions. On average, respondents judge there's a 47% probability of a global recession over the next 12 months.

Find Out More