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Eurozone Country Update: More accidents on the road to recovery

The eurozone economy is languishing and each country faces unique challenges that will make the road to recovery a hazardous one. But there are some signs of hope, as we explain in our latest update

A weak recovery, but signs of hope ahead

The eurozone economy has now seen two consecutive quarters of negative growth, and while we don't believe we're seeing a full recession, it doesn't appear to be too far off. Promising signs in the disinflation story are beginning to emerge, but the fear of doing too little currently appears to be outweighing the risk of doing too much for the European Central Bank. As a result, we're expecting policymakers to remain stubborn in their data-dependent approach to monetary policy for the remainder of the year - and this is likely to result in further rate hikes in both July and September. 

Catch all of the details and updated forecasts from our team on individual eurozone economies here, in our latest Eurozone Country Update