Thought of the week

JP Morgan
By August 22, 2017 11:02

Thought of the week

The Weekly Brief

Eurozone growth continues to improve. In the second quarter, GDP increased by 2.2% year on year (y/y), the fastest pace since 2011, marking the 17th consecutive quarter of economic expansion. The most recent composite PMI survey, at 55.7, suggests that this healthy rate of growth should be sustainable in the coming months. The expansion in the eurozone is broad: GDP accelerated to 2.1% y/y in Germany and 1.8% y/y in France, but also improved in Italy to 1.5% y/y and to 3.1% y/y in Spain. The persistence of healthy eurozone growth should allow European corporate profits to continue to grow, even if the euro were to appreciate further from here.

Eurozone recovery gathers pace

JP Morgan
By August 22, 2017 11:02


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