EZA 610 - Briefing Note; ECB; GDP data reinforces 'wait & see' expectation 3 June

17 May 2004



New GDP data bolster ECB's present policy stance
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SummaryEncouraging 'flash' estimate of first quarter GDP growth. Indications that this will be broadly maintained in Q2 and Q3. Reinforces expectation that ECB Governing Council will again 'wait and see' on 3 June.

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© Graham Bishop