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Eddy's Weekly Market Insight

Friday, 17 May 2024

Eddy's weekly market insight

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When the interest rates were rapidly raised by the Fed and the ECB in 2022 and early 2023, it was widely expected that a recession would begin no later than mid-2023. The European economy has contracted somewhat (although it is now growing again), but the US economy has been growing at 3% or more since mid-last year. Additionally, inflation has remained on the high side throughout this period.

Edward Markus, Founder & Chief Economist

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