XE Market Analysis: EU GDP Keeping Up with US Growth Levels

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OVERVIEW

  • US consumer confidence improves in January.
  • The British economy is performing better than expected.
  • ECB’s caution warranted as German inflation remains lackluster.

HIGHLIGHT

Q4 GDP from the EU was in line with expectations at 0.6%, allowing year-over-year growth to reach 2.7%, demonstrating that the recent positive momentum in the EU economy is allowing them to keep up with the growth rates in the US.