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28 Apr 2023

German Gross Domestic Product arrives at 0% QoQ in Q1 vs. 0.2% expected

  • German economy skirted a technical recession in the first quarter of 2023                   .
  • EUR/USD keeps losses near 1.1000 on the downbeat German GDP data.

The German economy showed no growth on a quarterly basis in the first quarter of 2023, according to the preliminary data published by Germany's Destatis on Friday. The market consensus was for a 0.2% clip. Euro area’s economic powerhouse contracted by 0.4% in the fourth quarter of last year.

Germany’s annualized Gross Domestic Product shrank 0.1%, down sharply from 0.9% recorded in the final quarter of 2022, and missed the market expectation of 0.3%.

Apr 28, 2023

Norway Registered Unemployment n.s.a unchanged at 1.8% in April

Norway Registered Unemployment n.s.a unchanged at 1.8% in April
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Apr 28, 2023

Euro coils in a triangle in the 1.10s ahead of Eurozone GDP data, policy decisions

The Euro (EUR) continues trading in the mid 1.10s against the US Dollar (USD) during the early European session, on Friday. The pair coils in a triang
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