Eyes on ECB for June Signal
by AIB Treasury Economic Research Unit
- The Eurozone economy essentially flat-lined for five consecutive quarters between the end of 2022 and throughout last year.
- Survey data though, suggests there are signs that the economy may be bottoming out.
- Perhaps even more encouragingly, the Eurozone labour market remains in good health and inflation has resumed its downward trend.
- However, despite the backdrop of falling inflation, a strong labour market and signs of a rebound in activity in Q1, growth is forecast to remain muted this year.
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