ING’s Eurozone Quarterly: Is this recovery for real?

There are gradually more signs that the Eurozone economy is bottoming out after that slowdown that started in January 2018. That's the main theme for our Eurozone Quarterly. From Germany to Greece, France to Finland, we give our assessment of what's really going on right now in the region... and what we think is going to happen next

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Eurozone: Is this recovery for real?

There are gradually more signs that the eurozone economy is bottoming out after a deceleration that started in January 2018. However, survey data seems to…

Germany

Germany: Entering the lost decade

The short-term prospects for the German economy aren’t really that bad. With a bit of global tailwind and political will, a rebound in 2020 could…

France

France: Moment of truth for Macron’s reform ambitions

One year after France was paralysed by the “yellow vest” crisis, social unrest is once again taking centre stage, this time as a result of…

Italy

Italy: Hardly growing, with lingering political risk

The Italian economy continues its very low growth spell, flirting with stagnation. The finalisation of the 2020 budget will likely absorb much of the…

Greece

Greece: Still in search of a stable growth pattern

The Greek economy has paid a high economic and social price for the consequences of the debt crisis, but it is recovering albeit at an unspectacular…

Spain

Spain: Weaker growth ahead

Economic activity remained elevated in 2019, but there are reasons to think it will slow in 2020. A weaker domestic labour market and a weaker global…

Eurozone Quarterly

The Netherlands

The Netherlands: A milder slowdown thanks to fiscal policy

The Dutch economy is set to grow by 1.5% in 2020, something of a minor slowdown. With tax relief for households and additional spending, the government is…

Portugal

Portugal: Economy to slow but the fiscal picture should improve

The Portuguese economy continued to slow in 2019 and we don't really expect things to change much in 2020. Even though the country has a minority…

Belgium

Belgium: A year later, the stand-off continues

Political negotiations remain at an impasse a year after the government resigned in Belgium. This hasn't seemed to have had a massive impact on the…

Austria

Austria: Modest, but stable

Austria’s economy lost momentum during the course of 2019 given the challenging global environment. With domestic consumption and construction…

Ireland

Ireland: Brexit and future trading anxiety

The Irish economy continues to grow at an exceptional pace, which is likely to become more modest over the course of 2020 as supply-side constraints,…

European real estate: Housing expected to cool further

We expect house price growth will cool further in the eurozone in 2020

Finland

Finland: Better than others, but far from immune to a slowdown

Don’t let those rosy numbers fool you, the Finnish economy is battling structural problems and political uncertainty