The euro zone economy returns to growth, albeit at a slower pace than expected. The eurozone economy grew by +0.1% qoq (+1.4% yoy; Flash Estimate) in the first quarter, although this fell slightly below Consensus expectations
The IMF has revised its economic growth forecasts and expects global GDP growth to be around 3% over the next five years. This is the worst medium-term scenario since 1900 and is below the global GDP growth average of the last 20 years (+3.8%).
Eurozone growth in Q4 2022 revised downward, falling to a contraction. Eurostat has revised for the third time the growth of the euro zone as a whole for the fourth quarter of the year, presenting a slight contraction...
Inflation maintains a downward trend in both the euro zone and the United States. Euro zone inflation decreased in January to +8.6% yoy (+9.2% in December), although energy recorded a positive month-on-month change, this was offset by the base eff...
Eurozone PMIs report an easing of inflationary pressures and more stable supply chain
conditions, which has mainly favored the industrial sector, although they remain in the
contraction zone of activity.
Expectations start to improve, except in the United States, according to the PMIs. Eurozone PMIs report an easing of inflationary pressures and more stable supply chain conditions,
China reopens its borders, improving growth expectations for next year. After confirming the relaxation of anti-COVID-19 measures, the Chinese government has announced the reopening of the country for foreign visitors.
Further indicators continue to point to a slowdown in China's economy. The Chinese manufacturing activity contracted again in November, declining for the second consecutive month with an index of 48 points.
The US economy moved away from technical recession in the third quarter. After reporting two consecutive declines in the first and second quarters of 2022 - -1.6% and -0.9% yoy,