After a long series of disappointments in 2018, euro zone economic figures have remained very mixed so far in 2019. However, the situation should improve over the coming quarters, thanks to a combination of robust household income, heavy fiscal support, and global trade that is a little weaker than it has been in recent months.
Even if there is a slight improvement, there will be no return to the growth figures of 2017, and it won’t happen if serious risks, such as a no-deal Brexit and the imposition of US trade tariffs on European auto imports, come into play. Moreover, the domestic political situation will remain volatile in some EU member-states.
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