What is the worst-case scenario for the euro zone in 2019?

The worst-case scenario for the euro zone in 2019 comprises the following components: The high level of hiring difficulties strongly hinders job creation; The Italian crisis worsens , Italian government bonds yields rise and Italian banks and possibly other euro-zone countries’ banks get into trouble ; Capital continues to flow out of emerging countries, where growth slows; The Chinese economy continues to slow; US growth falls below potential growth under the effect of a marked equity market correction, in particular among technology companies; Oil prices continue to rise. If all these adverse developments materialise , growth in the euro zone will barely be positive in 2019.