The European Central Bank releases its latest economic bulletin
- Sees ongoing expansion in the economy but with increased downside risks
- Signs of moderating momentum are emerging
- Global economic activity next year is expected to decelerate
Looking at recent commentary, there is a growing feeling that the ECB will start to shift towards highlighting the 'increased downside risks' in the Eurozone economy next year as the tagline for their economic outlook. And if economic data continues to trend downwards as it has done recently, expect that to potentially cause a change in the central bank's forward guidance of "through the summer of 2019".
This will be a key theme to watch out for in Q1 2019.
