AllianceBernstein Warns Consumer Weakness Threatens European Growth
Bitget2026/10/19 16:33- AllianceBernstein warns rising savings intentions and weakening real incomes could turn European consumers into a key vulnerability for growth.
- European GDP growth is forecast at 0.9% in 2026, with trade supporting economic performance while private demand remains subdued.
- Household consumption rose 0.4% in the second quarter, contributing 20 basis points to GDP growth.
- Euro-area household savings reached 14.2% of disposable income, but intentions to save more over the next 12 months threaten spending.
- The European Central Bank has raised rates twice since June, weighing on loan demand and consumer confidence.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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