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20th Apr 2023 14:25Eurozone, Daily Monitor

  • The end of the terms of trade shock in energy has supported net nominal goods trade recently...
  • ...Rising oil prices pose a risk to the downtrend in nominal energy imports; this doesn’t matter for GDP.
  • We continue to expect net trade to provide a boost to GDP growth throughout this year.

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Keywords for: 21 Apr 2023 Eurozone Monitor

cpi, crude oil prices, disinflation, fuel, March, March cpi, May, oil, oil prices, q2, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence