France Avoids Recession But Eurozone Falters as UK Inflation Eases Amid Gloomy Global Outlook
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France's economy stagnated in Q4 2023, avoiding a technical recession but growth was just 0.9% across the whole year, down from 2.5% in 2022.
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Eurozone GDP data today could show another contraction, meeting the definition of a recession across the 19 countries.
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UK grocery inflation eased to 2.9% in January, the slowest since May 2022, good news for the Bank of England.
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The IMF is publishing an update to its global economic outlook this afternoon.
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Key US data today includes house price index, consumer confidence and job openings, measuring economic health.