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25th Sep 2023 12:22Eurozone, Daily Monitor

  • German business surveys stabilised at the end of Q3, but still paint a bleak near-term picture.
  • We look for a 0.3% quarter-on-quarter decline in Q3 GDP, and risks are tilted to the downside.
  • We are nudging our forecasts for 2024 growth down by 0.2pp, to 0.8%; further downgrades are possible.

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Keywords for: 26 September 2023 Eurozone Monitor

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