ECB’s Lagarde: The economy is proving resilient

  • Resilience likely to persist in Q3
  • Manufacturing is solid and consumer confidence rebounded
  • Labour market robust
  • Growth in employment continues to slow
  • Near term outlook has improved
  • Growth will be bolstered by business and housing investment
  • Exports held back by competitiveness challenges and trade policies
  • Refining margins made strong contribution to inflation
  • Wages don’t show a response to higher energy so far

This article was written by Adam Button at investinglive.com.

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