Eurozone to post GDP growth of 1.6% in 2016 – Danske Bank

Research Team at Danske Bank, we look for Eurozone GDP growth of 1.6% in 2016 increasing to 1.7% in 2017.

Key Quotes

“Compared to consensus expectations our projection is 0.1 percentage point above for both 2016 and 2017. That said, our forecasts are based on the UK remaining in the EU and in the case of a Brexit, there is a very high binary risk as we believe it will result in a negative business confidence, which could result in declining investments and a GDP forecast of 1.2% in 2016 and 0.7% in 2017.”