We recently compiled a list of the . In this article, we will look at where LyondellBasell (NYSE:LYB) ranks among the undervalued European stocks to invest in now. According to the European Commission’s Economic Outlook, the European economy staged a comeback at the start of 2024, following a prolonged period of stagnation.
The growth rate of 0.3%, estimated for the first quarter of 2024, was still below potential but exceeded expectations. The EU economy is expected to grow by 1.
0% in 2024 and 1.6% in 2025, while the euro area is expected to grow by 0.8% in 2024 and 1.
4% in 2025. Inflation across the EU cooled further in the first quarter, with inflation projected to decrease from 6.4% in 2023 to 2.
7% in 2024 and 2.2% in 2025. The European Central Bank is expected to cut interest rates, with markets expecting a more gradual pace of policy rate cuts than previously expected.
Private consumption is expected to expand by 1.3% in 2024 and 1.7% in 2025, driven by continued wage and employment growth.
Investment is expected to expand marginally in 2024 before accelerating in 2025, driven by government infrastructure spending and a gradual expansion of investment activity. The EU’s external demand is expected to rebound, driven by a strong rebound in China’s economic activity and a recovery in global merchandise trade. EU exports of goods and services are expected to expand by 1.
4% this year and 3.1% in 2025. The EU government deficit is projected to resume declining in 2024 .