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Q2 GDP growth in the eurozone slows to 0.2%. Clearly, the economy is expanding at a slow cruising speed that seems too low for inflation to increase quickly towards the ECB target. And that gives the Bank more ammunition to act in the autumn
Decent growth with a worrying outlook
The Eurozone economy has not been able to maintain its surprising growth rate of Q1 as softening global demand and uncertainty about the outlook dampen economic activity. While 0.2% is still a decent growth pace, concerns about the