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Press release

Euro-zone economic outlook

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After an expansion of 0.4% in the first quarter 2019 GDP growth is expected to slow down slightly in the second quarter due to weaker industrial production but it should pick up slightly afterwards (+0.4%).

Annual headline inflation weakens again after Easter special effects fade out.

The outlook is subject to downside risks such as an escalation of trade conflicts and a hard Brexit.

Reference period: Q2, Q3 and Q4 2019

Date of Issue: 26 June 2019

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