France's GDP grew by 0.3% in the last quarter of 2018, according to estimates by Insee. The slowdown in the growth of the second largest economy of the European Union is associated with anti-government protests. The budget deficit in Italy caused a conflict with Brussels. The same problem can be faced by Macron if he decides to fight the protests of the “yellow vests” with the help of government spending. In this case, France will exceed the budget deficit of 3% prescribed by the European Union.
Eurozone exports will be at risk if Britain leaves the EU without a deal. The financial performance is also influenced by the trade war between China and the United States. The economy of China is growing slowly and is reflected in imports from the eurozone. The growth forecasts for the EU economy in 2019 have already been revised by analysts. The European economy is expected to grow by 1.5%, which will be the lowest level since 2014.