As projected, GDP in the Eurozone expanded by a meagre 0.1% in Q3 2013, as export growth fell sharply. Economic activity is expected to accelerate modestly over the forecast horizon (+0.2% in Q4 2013, +0.2% in Q1 2014 and +0.3% in Q2 2014) with a gradual shift in growth engines from external to domestic demand. Continued tight fiscal policy in many member states together with persistent labour-market slack conducing to a stagnant real disposable income will lead to limited private consumption growth.<\/p>\n
Investment is forecast to increase thanks to the gradual acceleration in activity and the need to renew production capacity after a marked phase of adjustment. Under the assumptions that the oil price stabilizes at USD 110 per barrel and that the euro\/dollar exchange rate fluctuates around 1.36, headline inflation is expected to remain well below 2% (0.9% in Q1 2014 and 1.1% in Q2 2014).<\/p>\n
The major upside risk to this scenario is a stronger than expected investment growth, led by improved access to credit. A stagnation in private consumption triggered by continued labour market weakness and weaker external demand in emerging economies are key downside risks.<\/p>\n","protected":false},"excerpt":{"rendered":"
As projected, GDP in the Eurozone expanded by a meagre 0.1% in Q3 2013, as export growth fell sharply. Economic activity is expected to accelerate […]<\/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-19425","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":"20140110","descrizioneperiodo":"IV quarter 2013 - I and II quarter 2014","titolobreve":"Euro-zone economic outlook","news":"Moderate recovery of GDP \u2013 Progressive rebalancing between internal demand and net exports","news_rss":"As projected, GDP in the Eurozone expanded by a meagre 0.1% in Q3 2013, as export growth fell sharply. Economic activity is expected to accelerate modestly over the forecast horizon (+0.2% in Q4 2013, +0.2% in Q1 2014 and +0.3% in Q2 2014) with a gradual shift in growth engines from external to domestic demand. Continued tight fiscal policy in many member states together with persistent labour-market slack conducing to a stagnant real disposable income will lead to limited private consumption growth.","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\/19425","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=19425"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/19425\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=19425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=19425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=19425"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=19425"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=19425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}