Eurozone Likely To Grow At Slower Pace In 2023, 2024, Due To Weak Domestic Consumption And Global Demand, EU Forecast Says
Portfolio Pulse from Benzinga Newsdesk
The EU has forecasted that the Eurozone is likely to grow at a slower pace in 2023 and 2024 due to weak domestic consumption and global demand.
September 11, 2023 | 9:30 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the EU's forecast of slower growth in the Eurozone in 2023 and 2024.
VGK, which tracks the performance of the FTSE Developed Europe All Cap Index, could be negatively impacted by the EU's forecast of slower growth in the Eurozone. This is because a slower growth rate could lead to lower corporate earnings and thus lower stock prices in the region, which would in turn affect the performance of VGK.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100