Europe & Russia November 2018

Political uncertainty is weighing on the outlook for major European economies.

The EU is at odds with Italy over the country’s spending plans and budget, and Italian economic growth is likely to be weak this year and next. Italy’s economy is forecast to grow by 1% in 2018 and 0.9% in 2019, while GDP growth in the eurozone is forecast to be 1.9% and 1.8% respectively. Italy is Europe’s third-largest gas market but is facing growing debt problems. This has caused conflict between the Italian government,...