This week saw the release of another set of underwhelming business surveys, suggesting that the pick-up in GDP growth in Q1 will not be sustained, and some further evidence that price pressures remain very weak. The stage is therefore set for a dovish statement by the ECB at its 6th June meeting alongside the offer of generous terms on the TLTRO-III. Meanwhile, we think the main fallout from the EU parliamentary elections will be felt at the national level, notably in Italy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services