Pantheon Macroeconomics

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9th Aug 2022 14:38Eurozone, Daily Monitor

The EZ GDP deflators are going haywire; keep an eye on the difference between real and nominal growth.

Soaring import prices mean that the GDP deflator is rising by less than the deflator for domestic demand.

Our forecasts imply a peak in the GDP deflator in Q3, but growth will remain above average through 2024.

domestic demand energy euro euro area ez gdp fuel gdp data government headline inflation import price import prices imports national accounts nominal trade surplus q2 real gdp trade trade surplus

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Keywords for: 10 Aug 2022 EZ Monitor

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