Bundesbank Official: Eurozone GDP growth expected at 1.1% in 2020

Dhwani Mehta FXStreet

The pace of economic expansion in the Euro area expected to stabilize in 2020, said an official at Bundesbank (Buba), the German central bank, while speaking at an event in Hong Kong.

The official added that the Eurozone GDP growth expected at 1.1% in 2020.

No further comments are reported from the Buba official.

The above comments on the bloc’s economic prospects have little to no impact on the shared currency, as EUR/USD holds the higher ground on the 1.11 handle.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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