11 Jul 2014
EZ growth trundling along - RBS
FXStreet (Guatemala) - Strategists at RBS said that they expect Eurozone growth to continue trundling along at 0.2% qoq,
Key Quotes:
“Although it will be a mighty close thing, with clear risks to the downside”.
“Joachim Löw's team may be sweeping all before them in their march to World Cup glory, but back home an economic own goal looks set to weigh on the Eurozone outlook: we expect the German economy to contract by 0.1% in Q2. Continuing with the tedious World Cup analogies, the Spanish economy looks set to outperform the other major Eurozone economies in Q2, with growth of 0.5%, in stark contrast with the performance of La Furia Roja in Brazil”.
Key Quotes:
“Although it will be a mighty close thing, with clear risks to the downside”.
“Joachim Löw's team may be sweeping all before them in their march to World Cup glory, but back home an economic own goal looks set to weigh on the Eurozone outlook: we expect the German economy to contract by 0.1% in Q2. Continuing with the tedious World Cup analogies, the Spanish economy looks set to outperform the other major Eurozone economies in Q2, with growth of 0.5%, in stark contrast with the performance of La Furia Roja in Brazil”.