Pantheon Macroeconomics
Best viewed on a device with a bigger screen...
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, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence