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Meerkat

Euro Zone Gdp 2q -0.1% Qoq, -4.7% Yoy

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Checking it on Forex Factory this is exactly what was predicted: -0.1%.

Things still on a downward spiral.

The UK Construction PMI was lower than forecast showing that it is still contracting.

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Not even statisticians could turn it positive... so, we have recession over in France and Germany, but not in Euro-Zone ;)

Considering there is going to be an election in Germany at the end of this month, I would take their figures showing the recession is over with a pinch of salt...

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Considering there is going to be an election in Germany at the end of this month, I would take their figures showing the recession is over with a pinch of salt...

Rather convenient that wasn't it, recession ends just as the election happens.

After the election expect a contraction.

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Sorry negative growth recovery, I think it the correct terminology.

I think you will find it is much better to call it a dip because it already implies you are are bouncing up the other side, even as you announce the dip for the first time you are automatically in recovery mode.

Edited by Confounded

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