Eurozone Q2 GDP 0.01% QoQ vs 0.03% Est
Portfolio Pulse from Charles Gross
The Eurozone's GDP for Q2 has been reported at 0.01% quarter-on-quarter, which is lower than the estimated 0.03%.
September 07, 2023 | 9:01 am
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) may be impacted by the lower than expected Eurozone GDP growth for Q2.
VGK, which tracks the performance of the FTSE Developed Europe All Cap Index, could be negatively impacted by the lower than expected Eurozone GDP growth. This is because a lower GDP growth rate could indicate a slowing economy, which may negatively affect the performance of companies within the index.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80