Stock take of the major economies
by AIB Treasury Economic Research Unit
- Given the first half of the year is well and truly behind us, and with the summer round of the main central banks meetings completed, perhaps now is a good time to take stock of the current economic situation.
- In the UK, the economy has gathered some steam this year, having performed poorly in 2023.
- The Eurozone economy has also returned to growth in 2024, with GDP rising by 0.3% q/q in Q1 and in Q2.
- Looking ahead, futures pricing indicates that markets expect a number of rate cuts for all three regions between now and year end.
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