After a sharp slowdown in Q2, real GDP growth in the euro area is expected to remain subdued until Q1 2012. The loss in GDP momentum owes to a stronger than expected weakening in global demand and self-reinforcing negative impulses from the following: the deepening of the sovereign debt crisis, financial markets turbulence and a worsening of business and consumer confidence. This deterioration \u00a0of the economic climate is weighing on domestic and external demand.<\/p>\n
Investment is projected to grow slowly in the next quarters as a result of weak economic fundamentals and financial market tensions. Private consumption growth will also remain fragile over the forecast horizon, in a context of precautionary savings and lacklustre real disposible income. Under the assumption that oil price stabilizes at USD 110 per barrel (in Q4 and Q1 2012) and that the euro\/dollar exchange rate fluctuates around 1.37, inflation is expected to decelerate sharply over the forecast horizon.<\/p>\n","protected":false},"excerpt":{"rendered":"
After a sharp slowdown in Q2, real GDP growth in the euro area is expected to remain subdued until Q1 2012. The loss in GDP […]<\/p>\n","protected":false},"author":8,"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":[4065],"class_list":["post-17263","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-national-accounts"],"meta_fields":{"data_pubblicazione":"20111007","descrizioneperiodo":"III quarter 2011","titolobreve":"Euro-zone economic outlook","news":"Slowdown in industrial production, GDP losing momentum, Inflation declining in the next quarters","news_rss":"Slowdown in industrial production, GDP losing momentum, Inflation declining in the next quarters","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\/17263","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=17263"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/17263\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=17263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=17263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=17263"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=17263"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=17263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}