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Euro-Zone Inflation Set to Hit First Bump in ECB’s Road to 2%

From bnnbloomberg.ca

The slowdown in euro-zone inflation may have stalled in April for the first time this year, just after a quarter when the economy shook off the shallow recession it suffered in late 2023. Consumer prices probably rose 2.4% from a year earlier, matching the outcome for March, according to the median forecast of economists surveyed by Bloomberg. They anticipated gross domestic product to have risen 0.1% in the first quarter. Those reports on Tuesday may chime with the European Central Bank’s view at its decision earlier this month, when President Christine Lagarde described the economy as weak, and predicted “bumps on ... (full story)

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  • Category: Fundamental Analysis