The economic recovery in the euro zone will support the European Central Bank’s case for further rate hikes

The private sector economy in the euro area unexpectedly returned to growth in early 2023, offering further signs that the region may be avoiding a recession and calming the European Central Bank’s (ECB) focus on underlying inflationary risks.

&P Global’s flash purchasing managers’ index rose to 50.2 in January, better than a Bloomberg poll’s predicted reading of 49.8 and the first time the reading has been above the 50 threshold since June, expanding from contraction separates.

https://www.independent.ie/business/world/eurozone-economic-rebound-will-aid-european-central-banks-case-for-more-interest-rate-rises-42311511.html The economic recovery in the euro zone will support the European Central Bank’s case for further rate hikes

Fry Electronics Team

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