Date: 2023-07-31T16:18:52Z Creator: Bitfolio Academy
The Eurozone just slammed expectations by rolling out with a stronger than predicted GDP growth for the second quarter! We’re talking a leap to .3% up from a slim .2% in the first quarter.
But wait, there’s more! The Eurozone is flexing its economic muscles as the inflation trend is on a downward spiral! A dip in the consumer price index to a thrilling 5.3% in July from 5.5% in June.
Despite these optimistic signals, Europe’s financial wizards are remaining cautious. Their forecast for the second half of the year is one of minimal growth and lingering inflation.
Zooming in on interest rates, Eurozone’s stands at a cool 3.75% in contrast with the US’s robust 5.5%.
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