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macroJun 8, 2026, 2:52 PM

Societe Generale: Euro Area Growth Noise, Inflation Outlook

Societe Generale strategists argue that the negative first-quarter GDP print mainly reflects Irish volatility, with ex-Ireland growth at 0.3% qoq.

EURUSD

Societe Generale strategists view the negative first-quarter Gross Domestic Product (GDP) print for the Euro area as largely noise driven by Irish volatility. Excluding Ireland, growth stands at 0.3% quarter-on-quarter.

The strategists point to stronger PMIs and French industrial data as supporting a more resilient underlying picture. The inflation outlook remains a key focus for the region.

Source: FXStreet Forex News