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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

Published Mon, Jul 24, 2017 · 09:50 PM
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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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