Hot and cold: Eurozone grows but inflation falls

Brussels

DATA in the coming week should confirm the eurozone economy is running hot, after the IMF upgraded growth forecasts and Greece returned to the debt market, although inflation figures could throw cold water on ECB plans to start tightening policy.

Growth in the single currency area outstripped paltry expansion in the US and Britain in the first quarter and the pace did not let up in the April-June period.