Eurozone GDP data

• GDP (q/q) (Q4), fact 0.2%, forecast 0.2%.
• GDP (y/y) (Q4), fact 1.1%, forecast 1.2%.

Data on eurozone GDP for the fourth quarter slowed at an annualized rate, indicating the negative dynamics of the eurozone. At the same time, the reaction of the euro to these statistics remains very restrained due to the expectations of the ECB meeting results and the subsequent press conference. The eurozone’s GDP (y/y) indicator remains in a downward trend, corresponding to the minimum values ​​of the middle of 2015.

Fig. Eurozone GDP (y) chart

The dynamics of the euro remains restrained due to the upcoming data on the ECB meeting. Therefore, a moderate dynamics is expected in the market before the publication of data from the ECB and the press conference Draghi.

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Hanzenko Anton

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