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Eurozone: All eyes on second release of GDP growth in Q4 15 – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at Danske Bank, suggests that the second release of euro area GDP growth in Q4 15 together with the first release of the sub-components are set to provide more insight into the state of the weak euro area recovery.

    Key Quotes

    “We expect private consumption to have remained solid but that exports were the main headwind. Note that we revised our euro growth forecast for 2016 significantly lower last week (to 1.5% from 1.8%, consensus 1.6%) mainly due to external factors that add uncertainty.

    In the US very few important releases are due this week with the most important being the NFIB small business optimism index due today.”
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