Opinión

La inflación en la eurozona suelta el acelerador

logo
La inflación en la eurozona suelta el acelerador

Resumen:

El primer semestre de 2017 ha estado marcado por varios factores. En Europa, el riesgo institucional se redujo gracias a la aceleración de la actividad económica y la victoria en Francia de un candidato pro europeísta. Estos dos acontecimientos contribuyeron a desplazar la incertidumbre política desde Europa hacia EEUU, donde se aplazó el aumento del gasto público, continuó la normalización de los tipos de referencia de la Reserva Federal y se depreció el dólar.

{"ct":"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","iv":"1cbcf9465ba2b52e554ddd002ca4976d","s":"aef2b501ca8a9386"}