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Major EU Q4 GDPs and Recession Warnings
While economists expect the EU to have had good results in their economy last quarter, that probably won’t remain the case for long. Goldman Sachs expects the eurozone’s economy to grow faster this year than the US economy. But, that doesn’t mean that tomorrow’s data will reflect that. Particularly given the disparate way in which the omicron variant has affected Europe and the US. In the short term, that could imply weakness for the euro. The Fed could raise rates at their next meeting in March. But the lack of economic growth in the euro area, plus relatively low inflation, implies that the ECB could keep ... (full story)