Eurozone slowdown could delay easing by ECB
IHS Markit's Euro Zone Flash Composite PMI for July is still above 50, but the economy has slowed since Q3 started
London
A SLOWDOWN in eurozone business growth at the start of the second half of 2017, alongside declining inflation pressures in a key business survey, could put paid to expectations of a stimulus clawback by the European Central Bank (ECB) later this year.
Years of ultra-easy policy have bolstered still-solid growth, but inflation is nowhere near the ECB's 2 per cent target ceiling and this month's even shallower price rises will provide disappointing reading for policymakers.
Germany and France, the two largest economies in the club, missed expectations, suggesting a more robust pace of business activity in many of the bl…
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