Markets Look for ECB to Reverse Course in 2024
by AIB Treasury Economic Research Unit
- The Eurozone economy stagnated between autumn 2022 and mid-2023, with flat domestic spending and a decline in exports offset by higher inventories.
- Survey data also suggest the Eurozone economy has weakened further since mid-year.
- Overall, the Eurozone economy has been coming under pressure over the past number of quarters in the face of high inflation and rising interest rates, as well as weaker global growth and increased geo-political uncertainty.
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