Eurozone weekly economic briefing – Gloomy outlook just before Christmas
The spread of Omicron across Europe coupled with the holiday season will probably result in a surge in infections over the next few weeks. This will pose strong pressure on governments to act, both in terms of further restrictions and in boosting vaccination campaigns. In the meantime, data this week has added to the gloomy outlook.
What you will learn:
- Consumer confidence fell to its lowest since March and our Recovery Tracker posted its consecutive sixth decline.
- A look at what we were expecting this time last year revealed that growth has been a touch stronger, driven by robust rebounds in Italy and France.
- Spain remained the main laggard while Germany suffered from the supply bottlenecks that brought industrial activity to a standstill.
Tags:
Related research
Post
Trump policies provide tailwinds for industries, with exceptions in Japan
We expect the impact of Trump policies will be a net positive for Japan. The boost from higher import demand due to expansionary fiscal policies will likely overwhelm the adverse impact of targeted tariffs on Japan. The US is Japan's biggest goods export destination, accounting for 20% of total. Most traded items such as machinery and automotives are set to benefit from higher investment demand and consumer spending.
Find Out More
Post
Alberta’s success at attracting migrants is building pressures
Alberta's population has grown rapidly over the last three years, driven by a surge in international migration.
Find Out More