Eurozone Publications
Below is a list of our Eurozone Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep
Please use the filters on the right to search for a specific date or topic.
deficit
- Italian bond yields offer an attractive carry, but yields are likely to stay high this year and next...
- ...Even if the spread to bunds falls, as we expect, assuming Italy doesn’t rock the boat with the EU.
- We expect BTP yields to rise to 4.35% by June, before easing back to 4.0% by year-end.
Melanie Debono (Senior Eurozone Economist)Eurozone
- The second release of EZ Q3 GDP confirmed the downturn and a slowdown in productivity growth.
- The nominal goods trade deficit narrowed in September; it will likely continue to do so in Q4.
- Still, we think that net trade will contribute to a fall in GDP this quarter and next.
Melanie Debono (Senior Eurozone Economist)Eurozone
- The EZ budget deficit fell in Q2; we think it will widen to year-end, but are revising down our 2022 forecast.
- Fiscal plans for 2023, and slower nominal growth, point to a deficit of 3.5% next year, as in 2022.
- Interest costs are rising, as government bond yields creep higher, but the debt ratio will still fall.
Melanie Debono (Senior Eurozone Economist)Eurozone
