Furthermore, the International Monetary Fund (IMF) has updated its #WorldEconomicOutlook, maintaining its growth forecasts for the world economy for 2023 (+3.0% year-on-year),
At a #globallevel, the #OECD has revised its growth projections, offering a more promising global outlook for 2023 due to the improved performance of the United States. However, their outlook for 2024 leans towards pessimism, as they anticipate a...
In the second half of August, some relevant data have been released ahead of the next ECB and Fed meeting. Nevertheless, they reveal a mixed outlook, with inflation still high, while expectations indicators remain pessimistic for the second half o...
We think that risks in the euro zone come from two sources: on the one hand, from the demand side, which is still weak and negatively affected by inflation and interest rate hikes;
As expected, central banks have not abandoned the roadmap and are continuing with rate hikes by a quarter point in the case of both the ECB and the FED...
In this report we assess the shape of the Euro credit market at the conclusion of the first half of 2023 and
elaborate on macroeconomic and sectorial trends and prospects for the rest of the year.
In June, the Composite PMIs of different economies point to a worsening of the economic situation caused by the manufacturing sector. As for the euro zone, the outlook offered by this indicator worsens compared to...
Euro zone inflation continues its moderating trend, with CPI falling again in June. According to the first estimate presented by Eurostat, euro zone inflation stood at +5.5% yoy in June, six tenths less than in May (+6.1% yoy).
As we anticipated in our latest bulletin, the ECB makes another rate hike and hints there are more to come. Following its meeting on June 15, the ECB announced a further rate hike of 25 basis points, increasing the benchmark rate to 4.0%.