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Economic Viewpoint

Euro Zone An Alarming Slowdown

March 28, 2019
François Dupuis, Vice-President and Chief Economist • Mathieu D’Anjou, Deputy Chief Economist • Francis Généreux, Senior Economist

After a very strong performance in 2017, the euro zone’s economy slowed down considerably in 2018. The euro’s previous rise in value, increased protectionism, a restructuring of certain industries and political uncertainty were among the factors that took a toll on Euroland’s economy. However, there is still hope that the situation will improve soon. If not, things could get particularly complicated for the European Central Bank (ECB) which is already short on ammunition.

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