Eurozone GDP beats expectations but remains weak behind the scenes

Eurozone GDP beats expectations but remains weak behind the scenes

From think.ing.com

The eurozone’s recovery from a long period of stagnation continued in the second quarter, but signs of slowing are already prevailing. For the ECB, this means that the growth acceleration compared to 2023 should not be a hindrance to further rate cuts. Eurozone GDP growth in the second quarter beat expectations and maintains the growth pace of 0.3% quarter-on-quarter seen in the first quarter. After stagnation for all of 2023, this is a relief and shows that the economy has started to cautiously recover. With unemployment low and inflation more benign, the economy is undoubtedly in a better situation than it was, ... (full story)

We better praise ourselves that US does not end up in a recession. Thats just gonna make things even worse in EU.

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