Miscellaneous
fromIrish Independent
3 days agoLagarde thinks ECB will lift growth forecasts
Euro-area economy remains resilient to US tariffs, inflation near 2%, labor market robust, reducing immediate need for ECB interest-rate cuts.
The Eurozone economy expanded by 0.2% quarter-on-quarter in Q3, slightly surpassing expectations of 0.1% . Growth was largely supported by strong performances in Spain and France, with growth in the two economies amounting to 0.6% and 0.5%, respectively. However, the bloc's wider struggles are apparent amidst a stagnation of the German and Italian economies, both of whom narrowly avoided technical recessions.