Report
Euro area passes the trough
Euro area GDP contracted by 15% in the second quarter as government containment measures brought the economy to a standstill during April and early May. Most recent monthly data remain consistent with a rebound in activity since then. But it will take a long time until euro area GDP has reached again its pre-crisis level. July inflation data were also released today. Core inflation surprised on the upside, halting the gradual downward trend seen since the start of the crisis.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Dirk Schumacher
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