- Analytics
- News and Tools
- Market News
- Eurozone: Deeper eurozone recession raises spectre of deflation – ABN Amro
Eurozone: Deeper eurozone recession raises spectre of deflation – ABN Amro
FXStreet reports that economists at ABN Amro have lowered the outlook for growth and inflation in 2020 and 2021 in the eurozone.
"Annual GDP growth forecast for 2020 has been lowered to -6.9%, down from -4.3%."
"Annual growth in 2021 now is expected to be 3.2%, up from an earlier expected 1.6%. At the end of our forecasting horizon (2021Q4) we expect GDP to be more than 3% below its 2019Q4 level (was -1.7% in our previous forecasts) and to be around 6% below the trend-level."
"We expect core inflation to slide over the coming quarters end next year at levels that are not far from zero."
"A recovery begins in Q3 with headline inflation reaching around 1.5% by the middle of next year. It then falls back down to around 0.5% by the end of 2021."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
