Pantheon Macroeconomics
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22nd Jul 2022 15:28Eurozone, Daily Monitor, Weekly Monitor
The PMIs now warn that the EZ economy is sliding into recession, consistent with our outlook.
Inflation and supply-side pressures are easing, but not quickly enough to offer any near-term relief.
The ECB is caught in a stagflationary vice; it will continue hiking even as growth slows.
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