IMF: Soft landing for European economies is in reach, but not insured
From forexlive.com
The IMF European regional report is out and says: • Soft landing for European economies is in reach but not assured - • High-debt European economies should consolidate fiscal policy faster than currently envisaged • Monetary policy in advanced Europe needs to match unfolding conditions, easing neither too fast nor too slow • Central banks in the rest of Europe will need to maintain tight policy for longer to fully reel in inflation • Trying to fix competitiveness problems through a subsidy race with trading partners will do more harm than good. The EURUSD is pushing to new highs for the day in the early US session, ...
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