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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.

ECB employment employment growth energy eu ez gdp france gdp report hiring intentions ireland jobless rate labour labour force labour market March pmi productivity productivity growth q1 q2 q2 gdp q2 growth q3 recession russia spain spanish survey data surveys wage growth winter

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Keywords for: 18 Aug 2022 Eurozone Monitor

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