The economy of the Eurozone in the 1st quarter shrank by 3.6% (expected: -3.8%); in relation to the 1st quarter of last year, the decline in GDP amounted to 3.1%. (expected: -3.2% yy).
This is the third assessment and compared to the second (-3.2% yy and -3.8% qq) the numbers were slightly improved.
We remind you that according to the latest forecasts from the two leading financial institutions, growth is not expected in 2020:
#IMF Eurozone GDP this year will decline by 7.5% and grow by 4.7% next year.
#World Bank, in its Global Outlook published yesterday, expects the Eurozone economy to fail by 9.1% this year and grow by 4.5% next year.
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Weak economy and trillions of cash are quite a mix for #EURUSD.
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Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #EU #GDP #EURUSD
This is the third assessment and compared to the second (-3.2% yy and -3.8% qq) the numbers were slightly improved.
We remind you that according to the latest forecasts from the two leading financial institutions, growth is not expected in 2020:
#IMF Eurozone GDP this year will decline by 7.5% and grow by 4.7% next year.
#World Bank, in its Global Outlook published yesterday, expects the Eurozone economy to fail by 9.1% this year and grow by 4.5% next year.
=======
Weak economy and trillions of cash are quite a mix for #EURUSD.
=======
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #EU #GDP #EURUSD