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The Conference Board Economics Watch® European View

The PMI for manufacturing fell below 50, while the PMI for services increased for the second consecutive month. Retail trade growth rebounded in February. The slowdown of the Euro Area economy pauses, and the forecast for GDP for 2019 remains 1.5 percent. Could Brexit lead to a downward revision for Europe as a whole? A disorderly Brexit would certainly be a shock, yet it should not derail growth substantially in the Euro Area.

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