Euro area GDP growth forecast for 2016 considerably lower from 1.8% to 1.5%

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Market Movers After several days of focus on the global manufacturing sector focus today turns to the service sector outlooks. While we look for a drop in service PMIs in Spain and Italy, we expect the final euro area print to stay unchanged at 53.0. In terms of January retail sales in the euro area we expect a moderate increase due to the lower oil price, progress in the labour market as well as solid consumer confidence. Note that yesterday we revised our euro area GDP growth forecast for

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