Euro-zone GDP growth softened in Q4 2010 (to +0.3%, after +0.4% in Q3), due to a weather-related postponement of construction investment, notably in Germany and in France, and to a slowdown in global activity, which dampened the area export growth.<\/p>\n
Consumption rebounded at a rate of 0.4%, in part attributable to a strong growth in French automobile consumption, driven by the prospect of the scrappage bonus expiration on 31 December 2010. GDP in the euro-zone is expected to accelerate in Q1, moderating somewhat over the forecast horizon (+0.5% in Q1 2011, +0.4% in Q2 and Q3). Private consumption growth would flatten (around +0.2% per quarter), as the euro-zone labor market as a whole is likely to remain fragile, with uneven developments across member States.<\/p>\n
Furthermore, both fiscal consolidation in many euro-zone countries and inflation would dampen households real income. Under the assumption that the oil price stabilizes at USD 113 per barrel of Brent and that the euro\/dollar exchange rate fluctuates around 1.38 over the forecast horizon, inflation should stabilize at 2.6 % in June and in September 2011, from 2.2% in December 2010.<\/p>\n
Investment is expected to rebound in Q1, owing to a sharp rise in the construction sector and to improved growth prospects. In Q2 and Q3, it should increase further but at a lower pace, because of a loss of momentum in foreign demand and financial market increased uncertainties at the beginning of 2011: new tensions have emerged surrounding the sovereign debt of some euro zone states, particularly Ireland, Greece, and Portugal; the political tensions in the Middle East and North Africa are raising fears of a lasting rise in oil prices, and of a resulting tightening of monetary policy in order to curb inflation; lastly, the earthquake in Japan might cause prolonged supply-chain disruptions in some key economic sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"
Euro-zone GDP growth softened in Q4 2010 (to +0.3%, after +0.4% in Q3), due to a weather-related postponement of construction investment, notably in Germany and […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4082],"tags":[3186,3559,3470,3619,3620,3228,3256,3263,3515,3283,2968],"regione":[],"tema":[4067,4065,4039],"class_list":["post-16809","post","type-post","status-publish","format-standard","hentry","category-press-release","tag-consumptions","tag-euro-zone","tag-forecasts","tag-forecasts-eurozone","tag-forecasts-ezeo","tag-gdp","tag-inflation","tag-investments","tag-ipi","tag-production","tag-flash","tema-industry-and-construction","tema-national-accounts","tema-prices"],"meta_fields":{"data_pubblicazione":"20110411","descrizioneperiodo":"January-September 2011","titolobreve":"Euro-zone economic outlook","news":"GDP and industrial production on the growth, while inflation is stable","news_rss":"GDP in the euro-zone is expected to accelerate in Q1, moderating somewhat over the forecast horizon (+0.5% in Q1 2011, +0.4% in Q2 and Q3).\nFurthermore, both fiscal consolidation in many euro-zone countries and inflation would dampen households real income. Under the assumption that the oil price stabilizes at USD 113 per barrel of Brent and that the euro\/dollar exchange rate fluctuates around 1.38 over the forecast horizon, inflation should stabilize at 2.6 % in June and in September 2011, from 2.2% in December 2010.","sottotitolo":""},"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"tags-info":[{"id":3186,"label":"consumptions","slug":"consumptions"},{"id":3559,"label":"euro zone","slug":"euro-zone"},{"id":3470,"label":"forecasts","slug":"forecasts"},{"id":3619,"label":"forecasts eurozone","slug":"forecasts-eurozone"},{"id":3620,"label":"forecasts ezeo","slug":"forecasts-ezeo"},{"id":3228,"label":"GDP","slug":"gdp"},{"id":3256,"label":"inflation","slug":"inflation"},{"id":3263,"label":"investments","slug":"investments"},{"id":3515,"label":"IPI","slug":"ipi"},{"id":3283,"label":"production","slug":"production"},{"id":2968,"label":"statistics flash","slug":"flash"}],"categories-info":[{"id":4082,"label":"Press release","slug":"press-release"}],"_links":{"self":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/16809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=16809"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/16809\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=16809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=16809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=16809"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=16809"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=16809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}