In Europe

Eurozone GDP: Hitting bottom?

Santander Research | The performance of the Eurozone economy in 2018 was far from meeting expectations. Having exceeded expectations in 2017, with GDP growth yoy of 2.5% – the strongest since the 3.1% in 2007 – the economy registered a strong slowdown in 2018 with caused up to a 1.8% fall yoy in GDP. Although, probably, the growth levels of 2017 were not sustainable – taking into account the economic fundamentals of the Eurozone and the performance of the rest of the world – , the economic slowdown was strong, especially in the second half of 2018. In quarterly terms, GDP went from growing a quarterly average of o.7% in 2017 to only 0.4% in the first half of 2018 and a quarterly average of 0.2% in 2018.

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The effects of world trade tensions remain in the future

Brave New World Trade Cooperation

Chandra Roy | As a looming Brexit relentlessly edges closer, could the prospect of a new global cooperation slowly edge to the brink of reality? Speaking recently about Brexit and the implications on global trade, Bank of England Governor, Mark Carney, described it as an “acid test of whether a way can be found to broaden the benefits of openness while enhancing democratic accountability”.