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
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US Payrolls Consensus is a wonderful feeling for market analysts and the consensus among them leading up to Friday afternoon’s release was that there would be 60,000 new jobs in the US economy announced for February. As it turned out there was a certain safety in numbers in that those analysts were all wrong when […]
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