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13th May 2025 09:03EurozoneWeekly Monitor

  • Front-loaded fiscal stimulus can add 0.5pp to German growth this year, in the best-case scenario. 
  • Defence spending is poised to accelerate after a slow start to the year, but the multiplier is low. 
  • Front-loading of infrastructure spending via €100B in funding for local government is a key upside risk.

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Keywords for: 15 May 2025 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence