Eurozone Q2 GDP growth slower than in Q1 - Lagarde (Il Sole 24 Ore Radiocor) - Frankfurt, 18 Jul - Lagarde added that incoming data indicates that the euro area economy grew in the second quarter, "but likely at a slower pace than in the first quarter." She noted that services "continue to lead the recovery, while industrial production and goods exports have been weak.

Investment indicators point to muted growth in 2024, amid heightened uncertainty. Looking ahead, we expect the recovery to be supported by consumption, driven by the strengthening of real incomes resulting from lower inflation and higher nominal wages. Moreover, exports should pick up alongside a rise in global demand. Finally, monetary policy should exert less of a drag on demand over time.".

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(RADIOCOR) 18-07-24 15:50:28 (0519) 5 NNNN