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16th Aug 2023 20:10Eurozone, Daily Monitor

  • The EZ nominal goods trade surplus rose in Q2, but goods trade was still a drag on GDP...
  • ...Services trade came to the rescue for overall net exports but is unlikely to do so again in H2.
  • Leading indicators suggest net trade will be a drag
    on GDP growth until next year.

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Keywords for: 18 August 2023 Eurozone Monitor

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