BofA trims euro area growth forecast for the year to 0.3%

20/07/2023 | 11:16 GMT

That's a 0.1% revision lower, with the firm citing the region's exposure to a slowing Chinese economy

They also moved to trim its 2024 growth forecast for the euro area to 0.7%, down from 0.8% previously. In case you missed the headline from earlier today, BofA moved to cut China's growth forecast to 5.1% from 5.7% previously here.

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