If there was any remaining doubt, the EU economic data released Wednesday has provided even further support to the view that the ECB will need to cut interest rates to a new record-low as early as September. Global economic health fears are once again making the rounds, following confirmation that the German economy contracted in the previous quarter. This follows the UK GDP contraction at the end of last week, meaning we are now looking at increased prospects that two of the largest advanced economies in the world will enter a technical recession over the coming quarter. It wasn’t just economic data in Germany that ... (full story)