The Big Theme 

Look beyond the headlines for growth in Europe

Look beyond the headlines for growth in Europe

European economic growth is uninspiring and the region faces fractious political headwinds. Europe’s economic powerhouse, Germany, has come close to a technical recession – two consecutive quarters of economic decline – in as many years. Wider eurozone gross domestic product (GDP) growth was 2.4 per cent in 2017, but research company Capital Economics estimates that it fell to 1.2 per cent in 2019 and will only grow by 0.7 per cent this year. Negative interest rates set by the European Central Bank (ECB), meanwhile, have made it difficult for commercial banks to make money. As a result, some companies included in broad European indices are struggling to grow. 

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