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

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

News
Justin Low
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.

Most Popular

Top Brokers

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access
View more

Private sector sheds 32K jobs in Nov! Small biz hit hard by costs. A slowdown is brewing, watch for layoffs.

NBC News
37m ago

Seattle's 3rd rank in relaxation, fueled by high income & low stress, contrasts with crime-ridden cities. Traders eye economic well-being.

KOMO
45m ago

Fed's Powell eyes rate cut despite inflation fears; market bets 90% on move. Trump's pick worries investors.

Bloomberg
47m ago

Dimon warns weak Europe risks US economy; JPM pledges $1.5T to bolster US security & resilience.

Bloomberg
50m ago

Social Security COLA for 2026 may fall short for 77% of retirees; experts urge action before year-end.

MassLive
1h ago

Beeple's $100K robot dog art sells out! Traders eye NFT valuations amid celebrity hype.

TechCrunch
1h ago

Ukraine war escalates with drone/missile attacks; peace talks framework agreed, but no major breakthrough yet. Traders watch geopolitical risks.

Bloomberg
1h ago
investingLive Premium
Telegram Community
Gain Access

Top Brokers

Sponsored

General Risk Warning

Must Read

Follow Us

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: investingLive is not an investment advisor, investingLive provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and investingLive specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided on an "as-is" basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. investingLive expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices.

Disclaimer: investingLive may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

© 2025 Finance Magnates CY Limited — Part of Ultimate Group

Read our Terms, Cookies and Privacy Notice

Manage Cookies
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}