Previous Close | 1.0887 |
Open | 1.0887 |
Bid | 1.0892 |
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The single currency’s gross domestic product expanded during the January to March period – although only half as fast as the UK.
Euro area governments unable to put in place consistent medium-term fiscal plans face credit-rating pressure even though reducing public borrowing is possible including for highly indebted countries, says Scope Ratings.
After five years of near-zero cumulative growth since the pandemic, Germany’s recovery is unlikely to accelerate without policy reform and an increase in net investment, supported by its significant fiscal space.