Advanced Economies Q2 Growth Resilient Despite Multiple Shocks
GDP nowcasts for the Eurozone, France, Germany, and the US indicate growth returned to its trend rate in the second quarter, even as shocks accumulate. Official figures are due on July 30.
Despite a rising number of headwinds, growth in advanced economies is holding up according to recent nowcasts. The data suggests Q2 GDP for the Eurozone, France, Germany, and the United States has returned to trend levels.
Official GDP releases for these regions are scheduled for July 30. The resilience seen in the nowcasts may offer some relief to markets that have been pricing in a sharper slowdown.
Analysts are watching to see whether the trend can persist as central banks maintain tight monetary policy and geopolitical risks remain elevated.
Source: FXStreet Forex News