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Slowing Economic Dynamic with Brexit Issues Looming
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In Q3 2018, regional growth in the Western Europe region remained stagnated at 1.6% with growth expected to remain low during the forecast period predominantly due to uncertainties arising out of the Brexit issues and slow growth outlook in emerging markets. Economic growth in Germany appears to have touched a near-zero situation in Q4 2018 and is likely to stay muted in 2019 primarily due to the anticipations surrounding imposition of additional tariff on car imports in the United States and Germany being the biggest EU exporter of cars to the US. French economic outlook is likely to also stay downbeat due to soft external demand and political uncertainty within the country. The economic outlook in Spain and in the Netherlands on the other hand is strong, with a slightly moderate growth rate for 2019 and 2020. The economic outlook for the United Kingdom hinges on the Brexit negotiation which is supposed to take place in late April. The uncertainties will remain throughout 2019 or until there is clarity on future trade relations. An extreme no-deal scenario might prove to be damaging for the UK economy in 2019 and 2020. Country Coverage: Western Europe· Belgium· France· Germany· Italy · Spain· The Netherlands· The United KingdomSector Coverage: economic indicators, demographics, energy, manufacturing, food and beverages, chemicals, pharmaceuticals, plastics, mining, electricity, construction, agriculture, healthcare, and information and communication technologiesIndicator coverage: Gross Domestic Product (GDP) and its components, GDP growth, export and import, foreign direct investment, inflation, business confidence, population and demographics, index of industrial production (IIP), value-add by industry, trade by industry, IIP by industry, production of important commodities, oil production and consumption, oil export and import, renewable energy, emissions, coal production and consumption, healthcare spending, Internet and mobile subscription, and regional GDP growth calculationYear, Quarter, and Month Coverage:· Yearly data: 2015–2023· Quarterly data: Q1 2015–Q3 2020 (Select Indicators)· Monthly data: January 2015–January 2019 (Select Indicators)Author: Rituparna Majumder
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