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24th Nov 2022 11:03Eurozone, Daily Monitor

The new budget in Italy means consumption growth will slow less than we previously thought in 2023. 

Financial markets welcomed the budget; we are revising down our call for the rise in the BTP yield. 

We look for the yield to rise to 4.0%, and we think it will stay around that level for most of next year.

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Keywords for: 25 Nov 2022 Eurozone Monitor

btp, budget, consumption, consumption growth, financial markets, growth, italy, markets, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence