Eurozone Faces Economic Weakness, Potential ECB Rate Cut in September

Eurozone economy shows weakness in the second quarter, with production and exports falling in April. Services sentiment hits lowest level since 2013, impacting domestic demand. Uncertainty around trade tensions expected to continue, leading to a possible rate cut by the ECB in September. Inflationary pressures have eased, prompting expectations of a short-lived ECB pause. High household savings rates and sluggish consumer spending contribute to the economic challenges faced by the eurozone. Public investments may help revive the economy in the medium term.

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