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24th Aug 2022 13:44Eurozone, Daily Monitor

German GDP grew by 0.1% in Q2, finally returning to its pre-virus, Q4 2019, level.

But the tiny expansion is now old news; survey data imply GDP in the EZ’s largest economy is now falling.

France’s economy will avoid a recession, we think, but risks here are also skewed to the downside.

business confidence construction domestic demand employment energy exports france french economy gas prices gdp growth german gdp germany government ifo industrial production insee June manufacturing May net trade new orders November pmi q2 q3 q4 recession russia survey data technical recession trade

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Keywords for: 26 Aug 2022 Eurozone Monitor

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