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30th Jan 2015 04:23Eurozone, Economic Monitor

Money supply data in the euro area are sending an increasingly upbeat signal on the economy. The increase in narrow money growth is the key variable here, now pointing to a noticeable acceleration in GDP growth later this year. Allowing for the usual lags between upturns in M1 and the economy, we should start to see this in the second and third quarter.

money supply M1 M3 credit growth leading indicators narrow money growth Germany labour market unemployment Greece Grexit Syriza ELA

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Keywords for: 30 Jan. 2015 Leading indicators are sending a clear signal of higher GDP growth ahead

money supply, M1, M3, credit growth, leading indicators, narrow money growth, Germany, labour market, unemployment, Greece, Grexit, Syriza, ELA,