Economic momentum in the euro area seems to have peaked
Growth in the euro area has been robust in the first quarter of 2018, but is poised to decelerate markedly in the second quarter, according to the April Euro Growth Indicator. The first quarter GDP forecast is 0.6 per cent, on par with Eurostat growth estimate for the fourth quarter 2017, whereas the Indicator's second quarter estimate of 0.3 per cent suggests that the euro area is about to experience noticeably slower growth in the months to come.
More information on this topic on our Euro Growth Indicator section.