Eurozone: GDP data should confirm that the economy grew at 2.7% YoY - ING

According to Viraj Patel, Research Analyst at ING, the final reading of 4Q17 Eurozone GDP data should confirm that the economy grew at its fastest pace in a decade last year (2.7% YoY).

Key Quotes

“Yet, we suspect that it is future EZ growth that will be of greater concern for the ECB – not least given the likely headwinds that would manifest from any US-led global protectionist shift. We may hear more from President Draghi on this at tomorrow’s meeting. Elsewhere, we have a Polish central bank meeting today – with our economists looking for a more dovish MPC stance to send EUR/PLN up towards 4.22-4.25.”