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14th May 2026 13:06EurozoneWeekly Monitor
  • Downside risks to EZ economic growth are widening, but we see broadly stable nominal growth.
  • The starting position of public deficits makes fiscal balances vulnerable to a slowdown in the economy.
  • A recession would widen the EZ budget deficit to 6% of GDP, triggering pro-cyclical tightening.

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Keywords for: 18 May 2026 Eurozone Monitor

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