Research Briefing | Nov 23, 2021

Eurozone | Recovery Tracker highlights the Eurozone gloom

Ipad Frame - Eurozone-Recovery-Tracker-highlights-the-Eurozone-gloom

Our Eurozone Recovery Tracker recorded a sizeable drop over the two weeks to November 7, mainly driven by worsening conditions in health and mobility. The 1.1pts slide was the largest since April.

What you will learn:

  • After a few weeks of resilience, the slump in our Recovery Tracker highlights the gloom that is affecting the eurozone economy in the last stage of the year. What’s more, some of the Tracker components for which we have data up to mid-November, such as mobility, suggest that the weakness is persisting.
  • With Covid cases increasing in almost all eurozone countries, governments are introducing new restrictions that are likely to become increasingly tough.
  • As a result, we intend to revise down our expectation for eurozone Q4 GDP growth in our updated forecast baseline that will be released at the start of December.
Back to Resource Hub

Related Services

Seoul, South Korea

Post

BoK’s monetary policy to tighten even as hiking cycle ends

Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.

Find Out More

Post

China: Emerging green shoots in Spring, but not out of the woods

We now incorporate a faster recovery from the post-Covid exit wave and raise our 2023 full-year GDP growth forecast to 4.5% (from 4.2% previously).

Find Out More