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The European Central Bank (ECB) is out with its latest economic bulletin, with key insights following the December monetary policy meeting found below.

Survey-based indicators suggest that stabilization of global activity has continued in Q4.

Global growth has weakened in 1H 2019.

But signs of stabilisation have started to emerge towards the year-end.

In particular, PMI point to a moderate recovery in manufacturing output growth.

There is also some moderation in services output growth.

EUR/USD continues to battle the key resistance at 1.1140 despite unabated US dollar supply seen across the board.