At the current juncture, the outlook for financial stability in the euro area continues to be characterised by considerable uncertainty. The magnitude of the total valuation and income losses facing the global financial system and their distribution across individual financial institutions is uncertain, although several estimates have been made.
Vehicle manufacturers are in the process of expanding capacity and cement companies have also been expanding their capacity in order to meet the construction sector’s demand for cement. Capital formation in the construction and commerce sectors should continue to benefit from robust domestic demand.