Euro zone growth outlook still modest, inflation to lag US

The euro currency bloc was expected to grow 1.4% in Q2, the lowest consensus for the period since a poll in October.

BENGALURU: The economic growth outlook for the euro zone this year is unchanged from last month, which was the lowest expected rate since early in the pandemic, a Reuters poll showed, while inflationary pressures were seen lagging the United States.

While the euro region was expected to emerge from a double-dip contraction this quarter, driven by an accelerating vaccination program and easing of restrictions, forecasts for quarterly growth for the rest of the year were downgraded slightly from last month.