European Central Bank is set for hawkish pause as the economy turns south

Shoppers in the region are holding back on spending as inflation eats up their disposable income.

More information on what the European Central Bank thinks about inflation and the growth trajectory will be revealed in a new round of staff projections on Thursday.

Shoppers in the region are holding back on spending as inflation eats up their disposable income, while the manufacturing sector has been in decline since around mid-2022.

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