Eurozone: Open economy exposed to trade disruptions
Date: 16 June
Despite a stronger-than-expected start to the year, the Eurozone economy remains on a weak footing as global trade tensions escalate. Looser monetary policy than last year will provide some relief, but weak foreign demand and elevated business uncertainty will constrain growth this year. The paradigm shift in German fiscal policy raises longer-term growth prospects, but there are downside risks to implementation.
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Rory Fennessy
Senior Economist
Rory Fennessy
Senior Economist
London, United Kingdom
Rory is an Economist in the European Macro Forecasting team, where he publishes research and analysis on the eurozone and Nordic economies. He is responsible for our forecast coverage for Norway, Denmark, Croatia and Albania. He also helps in presenting our Global Risk Service to clients and prospects.
Rory joined Oxford Economics in September 2020 after graduating from the University of Exeter with a first-class BSc in Economics. While at university, he completed an industrial placement year at Oxford Economics in our Latin American Macro Forecasting team. His undergraduate dissertation focused on the drivers of currency crises in emerging markets with floating exchange rates.
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