Gaurav, Kamil and Andrew take stock of the recent macroeconomic data for the euro zone. They talk about growth coming slightly above expectations, and why the data haven't really shown any impact from the Iran conflict. They conclude that while the exact number was a slight upside surprise relative to the forecast, it was in line with the broader macroeconomic narrative. They then turn to inflation, where data mostly came in line with expectations, but weather and energy markets are providing new headwinds. They conclude with a discussion of expectations for the European Central Bank and Bank of England for the rest of this year.
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