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Pictet WM: “Better anchored” inflation to drive normalisation in Europe

Driven by a substantial improvement in European economic growth and employment data, Pictet Wealth Management believes that “better anchored” European inflation is likely to drive cautious monetary normalisation in the region. According to the ECB’s latest Survey of Professional Forecasters (SPF), the region’s GDP is expected to grow by 2.3% in 2018, 0.4 pp higher than three months ago, while…

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