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EU Growth Returns but ECB Not Getting Complacent: A Q4 Forecast

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Economic Update The Eurozone fared well throughout the quarter with signs of economic activity improving. This will please the European Central Bank (ECB) and vindicate their decision to implement the enormous €1.1t Quantitative Easing package earlier this year. GDP for the second quarter of 2015 has been revised upwards to 0.4% q/q and puts growth for the year at 1.5%, in line with the ECB’s previous growth forecast for 2015. The labour market in the EU has steadily improved throughout the

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