> BofA trims euro area growth forecast for the year to 0.3%

BofA trims euro area growth forecast for the year to 0.3%

That's a 0.1% revision lower, with the firm citing the region's exposure to a slowing Chinese economy

Thursday, 20/07/2023 | 11:16 GMT

They also moved to trim its 2024 growth forecast for the euro area to 0.7%, down from 0.8% previously. In case you missed the headline from earlier today, BofA moved to cut China's growth forecast to 5.1% from 5.7% previously here.

Most Popular

ICYMI: US ordered TSMC to halt shipments to China of chips used in AI applications
Fed's Kashkari: The fundamentals seems strong and I'm optimistic that will continue
Bank of Japan Deputy Governor Uchida comments - not on economy, monetary policy, or yen!
Canadian dollar falls to the lowest since 2020
Barkin: Fed does watch carefully if 10-year yield driven by inflation expectations
USD/CAD rises above 1.40 for the first time since 2020
US dollar jumps as Fed officials highlight higher neutral rate, sticky CPI

Contact us
Newsletter

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}