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Domestic Demand Helps Recover Eurozone Economy
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The Western European economies are back to the growth momentum supported by strong domestic demand and low interest rate despite high political uncertainties. The regional GDP growth is likely to increase up to 2.25% from 1.65% registered one year back. the French economic growth is expected to stay robust in the second half of 2017 supported by strong export market performance and improved business confidence. Solid euro area recovery is helping Germany and Italy in boosting their exports and improving business investment amid political uncertainty. Economic growth in Spain will remain robust in 2017 but is likely to be hampered by the increased political tensions in Catalonia. Economic growth is likely to stay weakened in 2018 and 2019. In the United Kingdom, growth is likely to stay weakened in 2017 and 2018 owing to dampened private consumption growth as higher inflation puts pressure on purchasing power. Overall, the economic outlook for the Western Europe region in Q3 2017 is optimistic. Country Coverage—Western Europe• France• Germany• Italy• Spain• The United KingdomSector Coverage: Economic Indicators, Demographics, Energy, Manufacturing, Food and Beverages, Chemicals, Pharmaceuticals, Plastics, Mining, Electricity, Construction, Agriculture, Healthcare, Information and Communication Technologies.Yearly, Quarterly, and Monthly Coverage• Yearly Data: 2012–2021• Quarterly Data: Q1 2012–Q3 2019• Monthly Data: January 2012–September 2017
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