London analysts expect smaller-than-expected eurozone GDP

By: Trademagazin editor Date: 2020. 07. 09. 11:01

London macroeconomic analysts say the latest activity data suggest that the performance of the eurozone economy was slowed down to a lesser extent than previously expected by the coronavirus pandemic in the second quarter. The London community of analysts is also seeing signs of stabilization in world trade.

One of London’s largest global financial-economic analysts, Capital Economics, said in a revised forecast unveiled on Tuesday: its own calculation model shows that economic activity fell by 15 percent in Germany, 30 percent in France and Spain and 40 percent in Italy between January and April. (MTI)