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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROPEAN DATA
MNI (London)
The European Commission's Winter '23 forecast was more upbeat, lifting growth expectations for the euro area to +0.9% in for 2023 (+0.8% in EU) and implying a technical recession will be avoided.
- This is 0.5 (0.6pp EU) stronger than the Autumn forecast.
- Inflation projections for 2023 and 2024 were lowered slightly. Energy, goods and food prices are anticipated to slow and services inflation will ease only gradually due to wage growth.
- Successful diversification of gas supply alongside a marked reduction in consumption has contributed to high gas storage levels and wholesale gas prices have eased.
- Inflation risks are largely energy-related, whilst risks to growth are balanced. High energy costs, rising core inflation and tightening financial conditions may prove a more pronounced drag on demand. China's reopening in particular could boost external demand, but also global inflation.
- Note: the forecast implements the assumption that the Russia-Ukraine war does not escalate.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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