Eurozone: A recession is very unlikely in 2019 - Natixis
|Analysts at Natixis point out that recent data from the Eurozone has been negative and analyzed if there could be a recession in 2019.
Key Quotes:
“The latest economic indicators in the euro zone are clearly negative, and we should therefore start asking the question: could there be a recession in the euro zone in 2019?”
“A scenario of recession in the euro zone is difficult to defend at present Given the cyclical decline in investment and in durable goods purchases, the stagnation of the real wage, companies' hiring difficulties and the rise in interest rates in Italy, euro-zone growth will definitely slow down in 2019.”
“But there are many support factors for activity: expansionary fiscal and monetary policies, companies' very good financial situation, household deleveraging and lack of asset price bubbles, falling oil price. Given these support factors for growth, we do not believe there could be a recession in the euro zone in 2019.”
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