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Meagre growth outlook for eurozone Q3 GDP - BBH

FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman views the Q3 GDP figures of euro zone coming out with a meagre growth of 0.1%.

Key Quotes

“Germany and France probably did not grow much faster, though a statistical fluke might have the latter grow a touch faster than the former. “

“Spain and Ireland have become the widely cited examples of success stories from the austerity/reform agenda. Spain's economy may have grown by 0.4-0.5%.”

“Italy, on the other hand, despite the reformist Renzi promising significant progress in his first days, has not really found a growth path and is expected to have contracted by another 0.3% in Q3.”

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