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15th Oct 2025 20:21EurozoneDaily Monitor
  • Trade figures indicate a significant dampening effect on EZ goods trade from US trade tariff hikes. 
  • The data show few signs of trade diversion and/or re-routing from China, but some price cuts. 
  • The EZ trade surplus will widen further to year-end, and the drag from goods trade on GDP will fade.

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Keywords for: 17 October 2025 Eurozone Monitor

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