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Today’s inflation and GDP data deluge

Today’s inflation and GDP data deluge

  • 30 October 2024

We've seen a flood of GDP and inflation data releases coming in hot across the eurozone and the US today. Here's a roundup of our latest commentary on what they've revealed about the current state of various economies across the globe – and where they might be headed next

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German inflation accelerates and that should hush the 50bp rate cut debate
Quick take
Germany

German inflation accelerates and that should hush the 50bp rate cut debate

German inflation data adds to ECB confusion

German economy surprises in the third quarter
Quick take
Germany

German economy surprises in the third quarter

Today’s GDP data brings welcome relief to the battered German soul

US consumers keep their feet on the gas
United States

US consumers keep their feet on the gas

US consumers continue to spend strongly, but that should cool as the jobs market softens

Eurozone GDP surprised to the upside in the third quarter
Quick take

Eurozone GDP surprised to the upside in the third quarter

Economic growth accelerated from 0.2-0.4%, in part driven by one-offs

Italian GDP data disappoints as resilience begins to fade
Quick take
Italy

Italian GDP data disappoints as resilience begins to fade

Weaker-than-expected domestic demand components may be the culprit behind today's disappointing data in Italy

The Austrian economy is on thin ice
Quick take
Austria

The Austrian economy is on thin ice

Structural challenges such as demographic changes and changing trade patterns continue to weigh on economic growth

Spain continues to be one of the growth engines of the eurozone
Spain

Spain continues to be one of the growth engines of the eurozone

Spanish GDP growth remains strong, but this could also rekindle inflation

Hungary slips into technical recession again
Quick take
Hungary

Hungary slips into technical recession again

Third quarter GDP in Hungary underperformed even the most pessimistic expectations

US Recession Outlook Monetary Policy Inflation Hungary Germany GDP growth GDP Federal Reserve Eurozone ECB Austria

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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.
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