ECB: Recovery outlook and rate path – Societe Generale

Societe Generale economists see the Euro area entering the latest energy shock with improved resilience and reduced Oil and gas intensity. Societe Generale economists see the Euro area entering the latest energy shock with improved resilience and reduced Oil and gas intensity. They expect Euro area GDP growth to run above potential, with resilient consumption and German fiscal… Societe Generale economists see the Euro area entering the latest energy shock with improved resilience and reduced Oil and gas intensity. Societe Generale economists see the Euro area entering the latest energy shock with improved resilience and reduced Oil and gas intensity. They expect Euro area GDP growth to run above potential, with resilient consumption and German fiscal stimulus, while projecting the European Central Bank (ECB) rate hikes in December 2026 and June 2027.Resilient growth with gradual ECB tightening"Europe enters the current episode of higher energy prices with greater resilience. It… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.