Natural gas & LNG

Europe & Russia July 2019

Regional analysis & forecasts
Economic overview

Weakening economic growth in Europe’s major economies will hit the energy markets.

Germany’s economy will expand by just 0.7% this year, down from 1.5% last year. The slowdown in the country’s automotive sector is hitting the outlook for growth, and Deutsche Bank announced major redundancy plans in early July. Although the country’s GDP is forecast to rise by 1.2% next year, there are downside risks to this outlook with implications for economic growth in the eurozone and for German energy demand.

The UK is on the verge...