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MNI: EUROZONE DATA: Flash GDP (Q1 2019) Preview -....>

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MNI: EUROZONE DATA: Flash GDP (Q1 2019) Preview - 10:00 BST
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- Preliminary Flash GDP (Q1): 0.4% q/q, 1.2% y/y; Prev (Q4): 0.2% q/q, 1.2% y/y
- Flash GDP data expected to register in line with preliminary flash...
- ... which showed the pace of growth in Q1 doubling compared to Q4
- Apr surveys suggest Q1's acceleration is unlikely to be sustained, having been
driven in part by temporary factors such as a weather-related construction boost
- After a likely slowdown in growth in Q2, the second half of the year could see
growth pick-up again...
- ... helped by the positive spillover effects of China's stimulus, as well as
expansionary domestic fiscal & monetary policies
- Potential auto tariffs & geopolitical tensions remain key downside risks 
- Brexit is another persistent source of uncertainty, with no breakthrough yet
on the cards
- Q1 labour market figures, due for release alongside GDP, could show a
moderation in employment growth from 0.3% q/q in Q4

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