According to the poll conducted by Reuters, euro area will show stable but modest level of economic growth this and next year. It will also slowdown compared with 2017, which, as surveyed economists think, will happen due to threat of global trade war.

Last year the bloc's growth rate was the highest since financial crisis of 2007-2008. However, it declined in the beginning of this year, and next year outlook is very modest. Inflation slowdowns as well going away from target level. 

Nevertheless, poll of 90 economists showed that ECB will most likely not drop its intentions to quit assets purchase.

The major risk is still exchange of tariffs threat between China and the US, especially, provided that resolution of the conflict is not seen in the nearest future. Among other risks is Brexit in March of 2019 without any agreement between UK and EU.

Quarter-by-quarter forecast of growth was reduced and now is 0,4%-0,5% per quarter this and next year.

Eurozone growth this year will be 2,1% after 2,7% in 2017. In 2019 it will slowdown to 1,8%.

The big question is whether this is a norm or slowdown is premature. According to economists, the answer depends on each country. However, the median probability of recession within next 12 months increased from 10% in last poll to 15% this month.