Research Briefing | Jun 21, 2022

Southern Europe to outperform this year

The expectation of a strong recovery in the tourism sector, coupled with the divergence between resilient services activity and a weaker industrial sector, means we expect Southern European economies will generally outperform the rest of the continent this year. Contrary to conventional wisdom, the outperformance of peripheral economies does not reflect a catch-up from the Covid crisis, with Spain being the only country still lagging in its recovery from the pandemic shock.

What you will learn:

  • Traditional tourism powerhouses such as Spain, Greece and Portugal will be among the fastest growing eurozone economies this year based on our forecasts.
  • Despite its large tourism sector, Italy’s outlook is not as positive, as the country is the second largest industrial economy on the continent and will therefore be more affected by the headwinds hitting the sector.
  • The overperformance of Southern Europe is important as it comes at a time when investors are increasingly concerned about the rise in peripheral bond yields.

Back to Resource Hub

Related Services

European cities - Rome

Service

European Macro Service

A complete service to help executives track, analyse and react to macro events and future trends for the European region.

Find Out More
industry

Service

Global Industry Service

Gain insights into the impact of economic developments on industrial sectors.

Find Out More
globe

Service

Global Macro Service

Monitor macro events and their potential impact.

Find Out More