Europe’s growth resurgence is showing little sign of losing steam yet and economists have taken notice.In Bloomberg’s monthly survey, the first of the year, respondents bumped up their 2018 outlook to 2.2 percent, close to the decade-high 2.4 percent pace estimated for last year. The optimism is in contrast to the muted view at the start of 2017. Economists back then saw momentum slowing, but had to keep upgrading projections to keep up with the economy’s performance.The 19-nation region has started the year with a string of positive numbers, including stronger business sentiment in Germany and France, its biggest economies. Having long cast off its “sick man” tag, the improvements have given fresh impetus to the European Central Bank’s hawkish policy makers to push for an end to crisis-era stimulus.
Source: Euro-Area Economic Boom to Roll On After Strong Start to ’18 – Bloomberg
FX Traders are not impressed by surging US CPI.
Canadian Dollar Caught Between Hot Economy and Cold NAFTA
U.S Core CPI Posts Largest Increase in 11-Months
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.