Pantheon Macroeconomics

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6th Apr 2023 14:59Eurozone, Weekly Monitor

  • Surging German industrial output lifts our Q1 GDP growth forecast by 0.1pp, to 0.2% on the quarter.
  • The rise in EZ households’ saving rate explains why spending fell in Q4, despite higher income.
  • Firms raised margins in Q4, and likely are still doing so; risks to our core inflation call are to the upside.

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Keywords for: 11 Apr 2023 Eurozone Monitor

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