Bundles

12 July 2023

Eurozone Country Update: More accidents on the road to recovery

The eurozone economy is languishing and each country faces unique challenges that will make the road to recovery a hazardous one. But there are some signs of hope, as we explain in our latest update

In this bundle

Eurozone Quarterly

Germany

Germany needs an ‘Agenda 2030’

Germany's economic stagnation is set to last

French economic outlook is weak amid social tensions

Eurozone Quarterly

France

French economic outlook is weak amid social tensions

The French economy has started the year better than other European countries, but the outlook remains weak

Eurozone Quarterly

Italy

The service sector is driving Italy’s growth

The Italian economy is to grow this year thanks to the services sector which has been helped by a strong summer tourism season

Eurozone Quarterly

The Netherlands

Low growth after a technical recession in the Netherlands

Dutch GDP is stagnating, with weak growth expectations of 0.3% for 2023. Subdued growth will continue for the rest of 2023 and 2024

Spanish elections unlikely to hamper growth outlook

Eurozone Quarterly

Spain

Spanish elections unlikely to hamper growth outlook

Spain is poised to become the best-performing economy among the larger eurozone countries this year

Eurozone Quarterly

Greece

Trying to ride the election wave in Greece

Keeping up the recovery pace won’t be easy, but we expect Greece to remain a growth outperformer in the eurozone for at least a couple of years

Eurozone Quarterly

Belgium

Nothing comes for free in Belgium

Strength in jobs creation, wages and government support are keeping the Belgian economy afloat. But what's next?

Eurozone Quarterly

Austria

Sticky inflation hurts Austria’s competitiveness

Sticky inflation looks set to decrease Austria's attractiveness, both in terms of industry and tourism

Eurozone Quarterly

Portugal

After exceptionally strong growth for Portugal, a slowdown is looming

Portugal will be one of the fastest-growing economies in the eurozone this year, but will also not escape tighter credit conditions and cooling external demand

Eurozone Quarterly

Finland

Can Finland make its way out of recession for the remainder of 2023?

Finland was in technical recession in the second half of 2022 but recovered some of its losses at the start of 2023. We don’t expect a double dip as our…

Eurozone Quarterly

Ireland

Ireland’s boom continues, for now

The Irish economy enjoyed a strong start to 2023, but global headwinds will likely weigh on growth moving forward

Eurozone Quarterly

Eurozone housing market still searching for the bottom

The bottoming out of the eurozone housing market will only start towards the end of the year and the recovery of the housing market will take some time to…

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Eurozone Country Update: More accidents on the road to recovery

The eurozone economy is languishing but there are signs of hope