Eurozone: Slowdown increasingly evident – BNP Paribas

Analysts at BNP Paribas suggest that the Eurozone’s slowdown is becoming increasingly evident, especially in the German economy, which encounters capacity constraint and suffers from reduce demand coming from the EMEs.

Key Quotes

“Inflation is now expected to decelerate with falling oil price, while core CPI trend remains subdued. We do not expect the ECB to move rates before 19Q4.”