According to analysts at BNP Paribas, the Euro area, growth is sharply decelerating, with some countries like Italy not very far from recession.
“Extra and intra EU trade is less dynamic, in line with fading external demand, in particular coming from EMEs nInflation is expected to come-back below the 2pct level, as a consequence of falling oil prices.”
“This may cause a (slight) rebound in bond yields as well as in the value of euro.”
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