Euro zone: Forecasters see an upturn in growth in 2020; yet growth in 2020 may be weaker than in 2019

Available forecasts show a n upturn in growth in the euro zone in 2020 compared with 2019. This is probably due to forecaster s’ habit of announc ing an improvement in the future, as growth in 2020 is likely to suffer because : Fiscal policies will not become more expansionary, which has been the case in 2019; Unemployment is returning towards structural unemployment in the euro zone; Growth in the United States will inevitably slow down due to the return to full employment; Chinese growth is showing many signs of weakness; The oil price is likely to rise in 2020 due to the decline in investment in shale oil in the United States.