Recession not imminent in Eurozone, big four: Oxford Economics
A recession is not imminent in the eurozone and the big four despite the extreme trade policy uncertainty, Oxford Economics said. Past monetary policy easing and robust consumption, sustained by the rise in real incomes, are propping up domestic demand at present, it noted. Among the big four, Germany displays the highest risk of a downturn, followed by France and Italy, it said.
A recession is not imminent in the eurozone and the big four despite the extreme trade policy uncertainty, Oxford Economics said.
Past monetary policy easing and robust consumption, sustained by the rise in real incomes, are propping up domestic demand at present, it noted.
Among the big four, Germany displays the highest risk of a downturn, followed by France and Italy, it said.
