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22 May 2015
Key take away fundamentals for US ad EZ - BNP
FXStreet (Guatemala) - Analysts at BNP Paribas noted conditions fundamentally in the US and EZ nations.
Key Quotes:
"US: Following a likely contraction of activity in the first quarter, GDP growth could remain soft in Q2, as past lows in oil prices and highs in the value of the dollar keep on exerting downward pressures on activity. But the second half of 2015 is set to mark a more solid acceleration.
"EZ: The eurozone recovery was confirmed in Q1. The positive surprise came from France and Spain, which were the main growth engines. Germany, in contrast, lags for once behind the eurozone."
"Germany: Foreign trade makes a negative contribution to German growth. Domestic demand continues going strong."
Key Quotes:
"US: Following a likely contraction of activity in the first quarter, GDP growth could remain soft in Q2, as past lows in oil prices and highs in the value of the dollar keep on exerting downward pressures on activity. But the second half of 2015 is set to mark a more solid acceleration.
"EZ: The eurozone recovery was confirmed in Q1. The positive surprise came from France and Spain, which were the main growth engines. Germany, in contrast, lags for once behind the eurozone."
"Germany: Foreign trade makes a negative contribution to German growth. Domestic demand continues going strong."