Pantheon Macroeconomics
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17th Aug 2022 14:21Eurozone, Daily Monitor
We expect another downward revision to Q2 EZ GDP data; probably by 0.1-to-0.2pp.
The EZ economy faces a difficult second half; we look for falling GDP in both Q3 and Q4.
The outlook for employment growth has soured; we think it will slow to just 0.5% by year-end.
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