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Abstract: | The Eurozone economy has shown signs of having gone through a soft patch in Q1. The PMIs fell again in March, though they remain at levels above those seen in 2017 and consistent with strong GDP growth. The decline in manufacturing sentiment has been noticeably sharper, but coming off an even higher base. Meanwhile, the services sector continues to show a strong domestic economy, with employment growth displaying no signs of slowing yet. |
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