Nicola Nobile
According to the most recent data, the eurozone economy slowed markedly during winter. Recent surveys have been quite negative following Russia's invasion of Ukraine, although the easing of Covid...
As anticipated, the Russian invasion of Ukraine has led us to lower Oxford Economics forecasts for European countries. The speed at which events are unfolding means that uncertainty remains extremely...
Government bond yields in the eurozone surged after the ECB’s hawkish shift at its February meeting. The shivers were felt throughout the EZ (Figure 1). The periphery was hit hard, with yields...
Eurozone GDP in Q3 surprised on the upside with growth of 2.2% q/q, driven by strong support from private consumption. But going forward, the outlook for Q4 is less bright. High-frequency indicators...
National accounts show that Italy’s GDP expanded by a strong 2.7% q/q in Q2, an improvement from the 0.2% increase in Q1. As expected, growth in Q2 was driven by a strong recovery in services...
EU fiscal rules will very likely remain on hold until at least 2022. Last year, eurozone countries were able to implement sizeable fiscal easing after the EU triggered the general escape clause of...
Italy’s new Prime Minister Draghi has made it clear that his government will be reformist and pro-European. In his remarks to Parliament when seeking a vote of confidence he laid out his government’s...
The coronavirus shock is threatening the eurozone on several fronts, not only from a purely economic perspective. And while there will be a further integration, the outbreak’s diverse impacts and the...
The EU Recovery Fund proposed by the EU Commission would be an important building block of the region’s policy response to the coronavirus crisis. It broadly mirrors the Franco-German proposal,...
The combination of the government’s emergency policies and the plunge in economic activity means Italy’s fiscal health will see a massive blow. As analyzed in the most recent briefing, in our...