They come from the world mixed signals On the macro front: US GDP in Q1 2023 posted an annualized rate of +1.1%, lower than expected. Mixed indications are coming Also from Europe: Germany held up qoq, while Italy beat expectations (+0.5%).
Europe’s second largest economy seems to be doing better than the first, at least in percentage terms. French economic growth actually up to 0.2% In the first quarter of 2023 compared to the previous quarter. The Minister of Economy, Bruno Le Maire, highlighted the “solidity” of the French economy, stressing the fact that the fundamentals are firm and that companies continue to invest and create jobs, We are getting closer to our goal of full employment“.
Plus also in Madrid. in the first quarter Spain’s economic growth accelerated slightly up to 0.5%. A rate that bodes well for the Iberian economy given that it was 0.1 points higher than the growth figures for the third and fourth quarters of 2022. It is also higher than the figure indicated by the Spanish Central Bankwhich projected a 0.3% increase in GDP.
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