MNI: EUROZONE DATA: Preliminary Flash GDP (Q1........>

MNI: EUROZONE DATA: Preliminary Flash GDP (Q1 2019) Preview - 10:00 BST

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- Bloomberg Consensus: 0.3% q/q, 1.1% y/y; MNI Median: 0.3% q/q, 1.1% y/y; Prev

(Q4): 0.2% q/q, 1.2% y/y

- The export-oriented Eurozone economy has been hit hard by the global trade

slowdown 

- While markets expect a pick-up in growth in Q1, a sustained turnaround is

unlikely to materialise before H2 

- Hard data and survey indicators have provided contrasting signals recently as

uncertainty remains heightened...

- ... leaving consumers, businesses and policymakers in wait-and-see mode

- Some recent developments have spurred hopes of a summer turnaround... 

- ... China's stimulus measures have started to take effect, US-China trade

talks are making progress and an imminent hard Brexit has been avoided

- However, concerns persist over the sustainability of China's tentative

rebound, Brexit is still unresolved and the US auto tariff threat weighs heavily