DailyFX - Forex Market News: Bank Research Consensus Weekly 07.30.12

DailyFX - Forex Market News Forex Market News

Bank Research Consensus Weekly 07.30.12 Jul 30th 2012, 13:40 We expect the euro area to remain in recession in Q3 and that we will have to wait until 2013 before we see positive growth rates. For 2012 as a whole, we expect a GDP print of -0.3% and for 2013 we forecast growth at 0.5%.The deteriorating demand in the euro area is broad based. Fiscal consolidation continues to weigh down on growth while low business and consumer sentiment is a drag on private consumption and investments. Anders Møller Lumholtz, Senior Analyst, Danske Bank

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