Uugh !
- 2014 GDP growth seen at 1.9%
- 2012 Inflation seen at 2.1% (unchanged ) and 1.5% in 2013 (from 1.6%). 2014 seen at 1.6%
- 2012 unemployment seen at 6.8 %(up from 6.7%) and 7.2% in 2013 (up from 6.5%), sees 7% in 2014
- Sees growth lower on uncertainties and Eurozone crisis, but doesn’t see a protracated slowdown, with a return to growth path soon
- Balance of risk to projections on the downside for now
EUR/USD’s not liking this at all with a slide to 1.2936 on the headlines, Bund futures reverse earlier losses up 6 at 145.75
