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Lagarde Flags Q2 Growth Higher Than Expected

ECB

Lagarde continues:

  • The economy rebounded by more than expected in Q2 and is on track for strong growth in Q3. The recovery builds on a successful vaccination programme and lifting of Covid restrictions.
  • Manufacturing is performing strongly even though shortage of materials and equipment has impacted output.
  • The spread of the delta variant has so far not required lockdown restrictions, but could yet impact the full reopening of the recovery.
  • Consumer spending although consumers remain somewhat cautious. The labour market is also recovering quickly which holds out the prospect of higher incomes and spending.
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EM BulletHomepagemarkets-real-timeFixed Income BulletsEuropean Central Bank (ECB) Market NewsBulletMarketsEmerging Market NewsForeign Exchange Bullets

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