skinny.

Latest / The Macro Brief by HSBC Global Research

EM FX gets a dose of reality, Germany enters recession, Europe’s data surprises

Paul Mackel examines the prospects for emerging market currencies, Stefan Schilbe looks at what’s behind Germany’s underperformance and Liz Martins explains why the latest European economic data are providing some welcome relief.

Disclaimer: https://www.research.hsbc.com/R/51/9ZqtgD7

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The skinny

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