Research Briefing | Nov 5, 2021

Eurozone weekly economic briefing | Strong eurozone economy faces winter headwinds

Ipad Frame - EZ-weekly-Strong-eurozone-economy-faces-winter-headwinds

Monthly data continues to show a gradual but persistent slowdown in economic activity moving deeper into Q4. While we still expect the eurozone economy to experience above-average growth over the coming quarters, it is clear that growth rates have already peaked.

What you will learn:

  • The sharp rise in inflation and the persistent issues with global supply chains continue to add downside risks to the outlook, prompting a small revision to our forecasts.
  • With the strong rise in inflation prompting market expectations to signal a rate hike as early as next year, ECB president Christine Lagarde has pushed back on this possibility, arguing that the forward guidance is clear as to what conditions will be required for the ECB to start raising rates.

{% video_player “embed_player” overrideable=False, type=’scriptV4′, hide_playlist=True, viral_sharing=False, embed_button=False, autoplay=False, hidden_controls=False, loop=False, muted=False, full_width=False, width=’1920′, height=’1080′, player_id=’59258658150′, style=” %}

Back to Resource Hub

Related Services

Post

Food prices to bottom out in 2024, risks skewed to upside

Our baseline forecast is for world food commodity prices to register an annual decline this year, in aggregate, reducing pressure on food retail prices further downstream. However, we believe the risks to this forecast are overwhelmingly skewed to the upside.

Find Out More

Post

Battery raw material prices to recover

Battery raw materials prices bottomed out last quarter and we think a sustained recovery is looming. Midstream EV battery manufacturing activity has picked up again and inventories have returned to historical levels, suggesting upstream demand for raw materials will also bounce back.

Find Out More