Eurozone | Steady growth supported by domestic demand, with signs of global headwinds

After the deceleration in Q1, Eurozone GDP growth remains steady at +0.4% q/q thanks to resilient domestic demand. However, industrial output has weakened and leading indicators signal lower volume of export orders due to potential downside effects from increased protectionism. Inflation remains subdued. Risks are related to a cliff-edge Brexit and Italy's fiscal policy.

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