The EU Commission revised its 2017 Euro-zone GDP growth forecast marginally higher
SGM-FX Tue 14 Feb 2017
The EU Commission revised its 2017 Euro-zone GDP growth forecast marginally higher to 1.6% from 1.5% previously, although this was still lower than the 2016 outcome and the underlying tone remained generally downbeat with a high degree of uncertainty over both domestic and US developments.
The inflation forecast for this year was revised higher to 1.7% from 1.4% previously, but with an expected slowdown to 1.4% in 2018 and still below the ECB target.
Related Insights
Daily Brief – Gold
Humphrey Percy
Mon 2 Mar 2026
Gold With Spot Gold at USD 5392, Friday saw not one but two US banks break cover and forecast that the price would reach USD 6000 by year end 2026. Indeed, JP Morgan has predicted it will reach USD 6300 a further 20% lurch up from here. Apart from Central Bank buying, the most cited […]
Daily Brief – Gold and Silver
Humphrey Percy
Wed 4 Feb 2026
Gold and Silver Due to the vertiginous moves in both these precious metals all markets are more than usually fixated on the price action at present. Yesterday, both steadied and clawed back some of the recent losses with Gold rising almost 6% and Silver 10% to USD 4921, and USD 86.70 respectively at the time […]
Daily Brief – US Markets
Humphrey Percy
Mon 23 Feb 2026
US Markets As we settled into the weekend USD was enjoying a fourth day of strengthening, US GDP came in at 1.4% instead of the 3% expected by analysts and US inflation at 2.4% all added up to just a normal Friday in US markets. Then the Supreme Court decision came in deeming POTUS’ tariffs […]
